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This is a good explanation to how real estate bubble forms. The market feeds itself to push the prices up, but eventually it will reach turning point, and the bubble bursts. ' B& w) q0 k; l! R H- s5 F* \7 F- G# R! C
The risks to the current market:: P8 Q# V; s! g$ G
1) Mortgage rates go up . ]7 M' @5 ^) m& b: F0 X2) Oil price dropps 3 ], b+ V- F( ~" F+ U3) Less influx 3 V- D' H% G8 r0 D ]" ]4) Speculators quit