The housing market is in a holding pattern in many areas of the country. There is no crystal ball to predict what will happen. But Clark read a very clear story in USA Today, detailing what’s happening in different areas of the country. The reality is that the era of very large increases in home prices is almost certainly over. Now, that doesn’t mean that prices will decline. It just means they won’t gallop like they have been doing. Prices have gone up way too much in certain areas. Phoenix, the area with the biggest increase, went up 47 percent; Cape Coral, Fla. – 45% ; Palm Bay – 45%; Orlando – 36%; Sarasota - 34%; Reno - 32%; Miami - 32%; and Daytona Beach – 31% Those are not sustainable increases because they outstrip people’s incomes. It doesn’t mean you need to panic sell either. The number of homes on the market in Phoenix has increased 220 percent in the last 20 days, so people are clearly thinking they need to cut their losses and get out. But if you’re not a speculator and you just own a home because you want to live there, relax. You are fine. People in many markets will lose faith in real estate. But it was overdone to begin with. We're moving into a new cycle, but long term real estate will be fine.