Do you think the housing market fundementals are artificially high right now?

Question

At least in certain areas. Like home builders offering perks to sell homes, rather than lower the price. Or the median house price being high because the bulk of home sales is in the high end market when the total number of homes sold has gone way down.

Answer 1

Some of that, although the median price is still dropping in most areas.

Also, buyers refusing to face reality and lower asking price to make the sale. Also, realtors listing properties at prices they know won't sell, and not updating MLS listings to show what the seller would really accept today.

Of course, your mileage will vary neigbhorhood by neighborhood.