Let’s look again at the chart I put up on Friday. The chart is courtesy of www.chartoftheday.com I highly recommend that site for anyone with an interest in financial news. We see that beginning in the early 2000′s median prices began to rise parabolically. When any asset rises parabolically, get out of the way. Prices will drop very swiftly and can drop very far. This is exactly what has happened almost everywhere in U.S. real estate. It happened during the dot com bubble too. And will probably happen in precious metals someday. 
Look where prices are today. Since the chart is inflation adjusted, prices are where they were in the mid nineties. That can only mean that real estate is on sale. It is very hard to imagine that prices or sales volumes could decline much further from here. The best incentive to buy real estate are these rock bottom prices. If that isn’t enough, interest rates are at all time lows. If you saw a sign along the highway that read “CARS HALF OFF,” or “ALL PRODUCE HALF OFF,” you would hit the brakes. What about “HOMES HALF OFF?” That’s what we have today.
