Are you right side up?

 Are you right side up or upside down?  Here is a look at median home prices in St. Paul, MN from 2005 up to May 2013.   In July of 2006 median home prices were 200K. Right now the median is 128K.  Yes prices are rising but are not as high as they  once were.  I mention this because there is bubble talk and some experts are saying higher prices are not sustainable.  They may be right but how high is too high? Just something to ponder on this first Monday of the summer of 2013. 

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Click on chart to embiggen

The data used to make the chart came from the Northstar MLS which is deemed reliable, but not guaranteed. 

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