Who the f*ck in their right mind would be out signing their name to a mortgage on a depreciating asset today?

Just wondering...

The monkey-run National Association of Realtors STILL has their anti-bubble talking points up

Monkeys I tell ya. The NAR is run by monkeys...

NAR Anti-Bubble Q&A:

Since 1968, the national median existing-home price has increased an average of 6.4 percent per year

Most metropolitan areas, especially in the Midwest and South, have not experienced price declines in the era of modern recordkeeping

Should we be concerned that home prices are rising faster than family income?

No. There are three components to housing affordability: home prices, income, and financing costs – the latter are historically low.

Overall housing affordability remains favorable in historic terms.

There is virtually no risk of a national housing price bubble

It is possible for local bubbles to surface under the right circumstances, but that also is unlikely in the current environment

The strong underlying demand for homes results from the simple fact that the population is growing faster than the supply of homes

Baby boomers remain in their peak earning years. Echo boomers – the children of the baby boom generation – are just entering the period of life in which people typically buy their first home.

If conditions become unfavorable, home buying may be postponed, but a general price decline remains highly unlikely.