His data is mostly what you mentioned for the last few time intervals on his graphs, plus highlighting things in red when "underlying dynamics" change (convenie

His data is mostly what you mentioned for the last few time intervals on his graphs, plus highlighting things in red when "underlying dynamics" change (conveniently exactly where he wants to make his point). Markets are never monotonic, and the actual fundamentals for strong house prices (employment, tax advantages, etc) probably haven't changed enough for a huge burst. He could be right, but he's more likely wrong.