Euphoria, Euphoria, Euphoria!
Affordability index is nearing historic lows
The percentage of buyers that are using variable rate loans are increasing significantly.
No market goes in one direction.
Lenders have "relaxed" their qualifications for loan approvals.
Equity markets (stocks/bonds) have not been attractive in the past 3 years to investors. The money has been funneled into a "safe harbor" (the real estate market)
Foreclosures will be increasing significantly.
Do NOT buy in California, Phoenix, Los Vegas and Honolulu
