When is optomism bad? When there are unrealsitic expectations. This article is a little frightening. By expecting too much we could find ourselves repeating history. Prices will rise but I hope it happens in a slow steady manner in reflection of market stability.
Seller Optimism Causing Price ClimbDespite the recent market decline, Americans are still willing to borrow a large amount of money to buy a home because they are convinced that housing values will rise, writes Robert J. Shiller in his monthly New York Times column.
