Note that last time the rise in prices was quicker (steeper curve), and it only took about a year – 2006 – to reverse course.

This time, the increase looks more reasonable (more-gradual slope), but it still has to look daunting to buyers.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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