Do you think Real Estate Prices have increased too much?

I live in Ohio and I know our market decreased for awhile, but what little rise their is, is from "brand new" and "custom built" homes. I don't know about where you live, but people here are paying so much for the newer stuff and get nothing. Because I would not pay $300,000 for a brand new home for my neighbors to be as close to me as if i was in an apartment complex, and 2.. where's the yard for the kids to play? The houses are so close and they barely have a yard (front or back) for the kids and pets to play. I think it's just ridiculous. But that's what our society has done. They decreased prices of real estate so those less likely to afford a home can try to purchase an older home, and the former owners can try not to go in debt by purchasing a home that's $300.000 -$500,000. It's a viscious cycle. I'm sorry did I ramble? I tend to do that, my apologies. Anyway, if you go to www.dramahomes.com there is tons of different real estate information on their. About pricing, taxes, mortgages, housing scams,etc. I mean the list just goes on and on... yeah, kind of like me.

Real estate prices have really increased in last couple of years. If I would be getting own place now, I would probably wait because prices are really high, around 3500€-4000€/m2($4600-$5300) and in center even more. Luckily for me I was ready to make my move some three years ago and at the time money was cheap. Interest rates were around 2,6%, when rates are now closer to 4,5%. During this three years value of my apartment has risen almost 32% and I think it was good deal, even the interest of my loan eats some of my profits.

Yeah they have but they should start to drop again soon. There are so many houses for sale where I live it is unbelievable. People aren't buying so prices have to go up somewhere along the line. But I have a few friends that do real estate and they say it is starting to improve slowly

I think property is the hottest sector.In the recent times it has made many peoples rich.Whoever invested in property in the last two-three years has got many times in the returns as compared to his investments.I belive that, as mentioned by you, the prices are more or less in the control of the real estate agents.The prices are artificial and controled by the builders.They create artificial demand for the property and hence benifit from it.Though I think that the prices are not sustainable and might decrease.

I know that there is one house down the street from me that has been flipped a half dozen times on the last four years. Each time it is flipped, the price goes up. So there is definitely some manipulation going on.