A massive bubble in the South is about to pop

By this same logic, someone in 2004-2005 could look back to the crash in the 80s and see they’re at the same level as that peak and a crash is imminent. In fact it was a year or two away and new homes for sale were going to go up another 50% before the crash.

That’s not to say that things looks good. Some sort of correction is probably coming but it could be another year or two or more.