This interesting discussion of South Florida real estate has lots of information. You’ll have to draw your own conclusions as there are conflicting quotes from several experts. There is some good numerical data to analyze as well.
Bill Walsh wants the government to bail out homeowners in danger of defaulting:
Why is it possible to rescue corrupt S&L buccaneers in the early 1990s and provide guidance to levered Wall Street investment bankers during the 1998 LTCM crisis, yet throw 2,000,000 homeowners to the wolves in 2007?
The other side of it is, who wants to spend their tax money helping people who made bad fiancial decisions regardin ARM-type mortgages?
Here’s a short article with the numbers on Pittsburgh area real estate. Housing prices are going up in some places…