Thoughts On Real Estate Prices?

[Cody Cross]

To the guys that are experienced in real estate long enough to have seen multiple cycles, what are your thoughts on what is going on right now? Where are we at in the cycle of high prices, foreclosures, low prices, etc?

I'm not one to say this is a "bubble" and it's about to "pop" because I simply don't agree with blankly believing that statement. If someone with more experience has an opinion on what this could mean, I'm very interested!