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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. % y* G+ k) ^5 a# V5 Q4 l& ]8 l% m) v7 E
The risks to the current market: @: f* m7 V: I" z' ~3 I- P
1) Mortgage rates go up7 k1 r& b$ f! R
2) Oil price dropps" w6 m" K2 S) F* b6 B/ S
3) Less influx4 ^/ o p: v( ?4 e7 x; b
4) Speculators quit