They say the real estate market is fueling the economy. If thats the case, then things are going strong as ever. I had to wait in liine to get in the parking lot at the mall this year.
I have been building houses in Ca since the early 70s, the bubble deflated in the 70s seems like it lasted about 4 years, it deflated in the late 80s, it lasted about 1 1/2 years. Real estate slowed down for about 3 weeks in December, that is probably the buble burst everyone is talking about, things are active again.
Supply and demand, where do you think all those people in line at the mall are going to live?