The Big Plateau
After the 2003-2004 frenzy that lasted about 18 months (sound familar?), the prices leveled off for the next couple of years – until the easy money could support it no more.
With (slightly) higher mortgage rates and lagging buyer enthusiasm both helping to temper the frenzy now, we will probably see a similar pricing plateau take place – and it’s already underway (click for larger image):
Everything should stay orderly and on track, as long as nobody shouts ‘fire’.