Is this a reality or a myth circulated by interest groups to draw in suckers? I am reluctantly looking for a house. So, my agent (pretty decent guy) sends this to me (we had a prior talk on low inventory): "...... Friendly warning:the prices will increase sharp and will see crazy market in very short time. ...." My reply: "...By accident I watched a local evening news. They have actually talked about housing inventory statistics in WA state (you mentioned this to me earlier). According to them, inventory is down 13% comparing to January of 2003. They talked about it very seriously... Well, to me fluctuation of such magnitude does not seem to be a significant number, especially when in low interest environment...." What do you think?