Housing Bubble Deflating According to the Monthly Housing Market Index
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This tells me the national trend is telling me that the trend will be nationwide for a slowdown in new housing across the country, but it seems like an orderly cooling down, not a precipitous drop.
The monthly Housing Market Index compiled by the National Association of Home Builders and Wells Fargo Bank, a gauge of builder confidence in the single-family home market, declined four points to a reading of 57, its lowest level since April 2003.
“As expected, the housing market appears to be coming off the recent record pace of home sales,” said David Seiders, chief economist for the builders’ trade group. “Our surveys indicate that three out of every four builders are experiencing some buyer resistance to current home prices, and many are offering certain concessions to buyers in order to help maintain sales volume.”
The economist said his forecast “continues to anticipate an orderly cooling down process for single-family homes and production in 2006.”
I hope you stuck around for part three... that was one of my listings. But it was a good ...
YES! YES! YES! 
Is there any way you can update these numbers to reflect current rates? 
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Check out their values today.
A good option today would be to hold. 
