Quote Originally Posted by General of Darkness View Post
I think that the reduction in interest rates is what's driving the prices higher. JMHO.
Yep - low interest rates are the only oxygen keeping the moribund RE market alive. But I predict going forward that home prices will lag behind inflation and the gold price. In relative terms from a capital appreciation POV, RE will be a loser for several year to come (i.e. up to at minimum 2016).