We might just be looking at a "normal" market instead of a crazy hot market.  

Don't know if you consider Hot Springs central Arkansas but once a month we have a meeting with a mixed bag of attendees.

That's the average, so it can be change by outside forces such as abnormally low or high interest rates, etc.The following behaviors were exhibited at the last peak:Lenders were lending 125% of appraised value - I haven't seen this yetEveryone and their brother was buying a house, you could sell anything for crazy money - that's happening nowPeople thought prices would never come down - that's happening now where I amNew construction was hot hot hot - that's happening nowDownpayment requirements went down and LTVs went up - that's happening nowThere was very little inventory to buy - that's happening nowAre any of these hard and fast indicators? 

Hello, I'm renting from my parents at a discount price in a hot area in Raleigh, NC.

For example the condo market under $500k is super hot in GTA.

I'd also like to catch the market in the fall/winter as it seems like sometimes the market isn't quite as hot and it might be easier to grab deals then -not sure if this is a correct assumption?

What Markets are you guys finding to be HOT right now?

I am focusing on B neighborhoods and since the rents and prices vary by the block within hot neigbhourhoods, I am having a challenge zeroing on a few.

in hot markets agents may take 1% listings on the list side and 2% on the sale side since listings are money in the bank.. you see all sorts of discount brokers.Or like with me I listed a group of 22  duplexs in 04  seller was having a hard time moving them..

I googled things like "hot rental markets" and "fastest growing cities" and there were a bunch of lists that came up.