Here's the reality: prices have risen since 2010. A lot. Then why are so many people clamoring to buy homes, often overbidding?
Because we're barely starting to match 2007 prices. So, look at it this way: prices have not gone up in about 8 years. The price people paid in 2007 is actually more than what people are paying now, which is why some people are still holding on until prices rise even more.
