It's no news that home prices have been rising rapidly over the past year or two. The following chart shows the pre-2008 crash peak at $235,000.00, national average. It bottomed at about $170,000.00 in 2012. Now, the national average is back up to about $213,000.00 or so.
JP's Real Estate Charts: Inflation-adjusted housing prices
And we've all heard about the crazy bidding wars in some "hot" U.S. markets. So, have we entered another dangerous housing bubble?
Or more to the point, should home buyers wait until the current bubble bursts?