This upward trend is predicted to continue for at least the next few years, so don't wait to buy/sell. Buyer exhaustion is real but it won't improve by waiting for the market to turn in buyer favor. Analysts say don't count on it turning in buyer favor any time soon. In fact, it will only get worse before it gets better. While no one has a crystal ball, this is confirmed through multiple sources as the most likely scenario. As the Seller's Market grows, it benefits anyone looking to buy sooner than later, whether selling or not, before it becomes less affordable to do so. Remember, much of our in-migration are those coming from less affordable locales, like California, Chicago, and New York.
Bottom line, and I can't say this enough:
THERE IS NO BUBBLE!
The factors around today's housing boom are significantly different from that seen in 2005/2006. We are looking at a completely new set of variables that make today's housing boom sustainable for the longer term and with no crash to follow. While the appreciation rate will begin to plateau at some point, prices will not decrease and we do not expect mass foreclosures.