Will The “Macro-Mindset” In Real Estate Investing Change Anytime In The Near Future?

"Catherine Reagor of the Arizona Republic has an article out this morning entitled Arizona home values depend on the mindset of buyers. My first thought was that if that's the case, given the boundless optimism that has been rampant among buyers, values should be through the roof. Clearly it should be obvious that home values are not a case of "It appreciates because I think it does." This is true for real estate values worldwide, not just in Phoenix. Here's where Reagor is going with this though"