Good post. you refer to the "hockey stick" price graph. Now combine the above with the recent news on the average personal savings rate, which is negative one-half of one percent of income - this is the lowest since the great depression. It looks like gasoline and matches.
Still time to sell this spring. Where I'm at, people aren't yet talking about lower housing at school functions and cocktail parties. That will occur closer to the bottom. You may still able to sell to the uneducated this spring, but I wouldn't wait much longer than that.