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RE: Is there a serious housing market bubble forming again?
I sold my house this past summer. And I made some money! :) It was near the highs of 07-08 and we wanted to get out anyway. We will not be buying a house until the market crashes again, the prices are too high.
Smart! Renting is just too cheap now, lock in a 2-3 year lease at a good rate with a good landlord and wait for the next crash OR even buy up some land now that is still cheap and start building. Construction loans are still relatively cheap and building is always cheaper than buying all things equal (long term investment).