There's a feeling of 'buy it today or don't buy it at all' because you'll miss the market.

You want the wage base and the job base to adjust to the housing reality.

This is not a bad thing for the community. This is a good thing.

Some markets still seem overpriced based on fundamentals, and [in those places] we expect prices to decline or taper off.

This kind of volatility is to be expected in markets with supply inelasticity.

The developed world is experiencing an amazing housing boom.

Because countries trying to join the European Union have been forced to get their fiscal policies in order, inflation is now less of a concern for investors.

Most people were projecting that interest rates would go up and the housing market would be hit.