Is the market to high?

[Logan Larochelle]

I've talked to a few people Some are buying and most are staying out of the market and they are saying it's too high at the moment and they expect a possible correction soon..

Another question I have would you recommend to pull the equity out of the home and have the cash just sitting there for a deal in the future? 

[David Dachtera]

@Logan Larochelle,

We're in a housing shortage now. The crash took out some 80% of builders and developers. Economists estimate we're still some five years behind the demand for housing. Prices will hold firm or continue to rise until some other factor comes along to dampen demand - fewer jobs, for example.

The banksters are attempting to stimulate demand once again by easing lending guidelines. That could cause another problem, just like it did last time (it caused the crash).