Housing Bubble or Not

I've been following real estate for the last four or five years, since we purchased our new house. I got so into scanning the papers, comparing prices, and checking out places that it became a habit. I still go to open houses, and I spend a lot of time following the real estate market across the country. Together with my husband we're thinking about buying some investment properties. But first, I want to wait let the market come down.

Which bring me to my second point for this post. Will the market come down further. Based on what I have seen I'd say it will. Maybe not much more but I think prices will be soft or decline a bit more. They say that Real Estate tends to run in 7 year cycles. We have one great upward cycle and now we're on the down. It started last year - 2006 - which means it could be 2013 before things start to pick up again. Of course, the deals will be there.

Keep reading and I'll keep telling you what I find out. I scan the papers almost daily and have found a great source for information on a site called BestCashCow. Let me know what you think.