>especially if cost of living is going to go down due to the bottom dropping out of the real estate market. This sure as heck isn't happening in my market... a

>especially if cost of living is going to go down due to the bottom dropping out of the real estate market. This sure as heck isn't happening in my market... all year long I've listened to a group of potential buyers tell me they are going to wait because the bottom is going to fall out any day now ... every piece of data I have shows that the opposite is happening - we have more buyers than physical homes here and prices have been on a steady upward trajectory for the past five years. With interest rates at historic lows, there's no reason to believe buyers aren't going to continue to acquire homes. Now - in other markets? Maybe there will be a correction, but that's actually bound to help my market and likely others too, as people move from expensive areas to less expensive areas. SFO / LA / PDX / SEA aren't going to collapse overnight.