If I ink out a deal with the neighbour to buy her house at $100,000.00 and FMV is presently $105,000.0, then right off the bat, I'm in the money $5K (though I probably paid for that in the price of the option).The time value is more complicated and, in the worlds of commodity futures and stock options factors in the volatility of the market and the length of the option period.  

My market here in Cleveland tends to lag behind the rest of the country and the swings are not as volatile so prices are still 40-60% below the highs of 2007.As a buy and hold investor looking 30 years into the future - does it make sense to keep these assets until I retire our should I sell them if the market here goes back up in 5-10 years.Example - the house I picked up in a Cleveland suburb for 50K sold for 120K in 2006 - if the market reaches this level should you always sell if you are looking long term.

I work in engineering and I'm seeing several developer clients dusting off projects they shelved in 2007-2009 and trying to get them going again, will new inventory drop the bottom out of prices or spur further purchases of nice clean new homes in desirable areas.So until some of this volatility has a chance to stabilize, it is going to be very difficult to see where the market is trending.

Not trying to time the market, but I do want to take advantage of this low interest rate and potential volatility around this election.Here are some facts about us.1.

He focuses on "linear markets" that aren't volatile and aren't priced like New York. 

Small percentages are so volatile in the equity department if your homes are in the beach area.

and that's fair....something I don’t have to worry about quite as much since appreciation in the rural Midwest is not nearly as volatile as it in in your area.

The health of the GSEs reflect the US housing financial health and I see no reason why, with their 'new' book of business, they can't handle a correction (rate volatility, lower origination volumes, etc.) even a prolonged correction.

You may see people getting more nervous especially since the market has been red hot, Dow hitting 20,000 and articles being written which predict that market is now overvalued or volatility index hitting high levels. 

At such an early stage this is highly speculative, especially since most payments are made via cryptocurrencies (volatile), however this segment will undoubtedly mature.