Hear that sound? There's an ill wind blowing through the housing market. Here's what the end of the boom means for home values, the economy, and you. http://money.cnn.com/2006/05/03/news...tune/index.htm

Oh man.... did you see San Diego

I'd be really happy if I had just sold a house there!

San Diego, CA
Average home price: $483.0
Fair value estimate: $290.0
Percent difference: 67%
Rating: Overpriced

Interesting. I've got a friend in Arlington building a remod right now. He will have about 1 mil. invested when he's done. I hope he can get out before it is too late.

According to your article, some costal housing markets are in trouble. Ill wind for the whole economy? I don't think so. Buy a Wall Street Journal subscription and read this article:

Bull Run
Behind Surging Stock Market:
Old-Fashioned Economic Boom

Defying Gloomy Predictions,
Profits Rise, Prices Don't;
Dow's Record Approaches
The Return of 'Goldilocks'
By E.S. BROWNING
May 11, 2006; Page A1