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This is a good explanation to how real estate bubble forms. The market feeds itself to push the prices up, but eventually it will reach turning point, and the bubble bursts. . I$ g n. H8 g9 n l3 ]# N7 D3 e6 L0 i% f- d5 U/ N3 {3 G! ]
The risks to the current market:8 X6 g1 m7 K2 e$ j
1) Mortgage rates go up " M9 k! B4 a0 E2) Oil price dropps / Z! B! s4 u& v5 W3) Less influx ( }' k3 P' P- r7 C# w; g4) Speculators quit