Bubble Stages

Here are the likely stages of the housing bubble:

1. Huge Price Gains (already happening)
2. Public Awareness of the Bubble ( we are in this stage)
3. Price Stagnation (almost there (maybe happening in certain markets))
4. Lenders tighten up lending practices
   
5. Price Declines

The longest stage of the bubble is stage 1. Going between stage 2 to stage 5 will be fast. Get ready for the torrent of change that is coming to the housing market.