There are still some places where real-estate is, in my opinion, overpriced, but I think the worst is over. 10 years ago I could go into a neighborhood and see houses that were worth 10 times the annual salary of the people living there, and that's just unsustainable. Now, it's closer to reason, the house values are much closer to 2 1/2 to 3 times the annual salary of the people living there, and that's sustainable. Yeah, some people got it in the shorts regarding housing but all I have to say to that is caveat emptor. You shouldn't sign on the dotted line if you haven't done your research, especially not for something as expensive as a house.