re: Signs the inflated real estate market is cooling

The Chinese, and I've had to deal with a shite ton of them, are more into the residential land development aspects of all this than they are actually into the homes themselves.

The Chinese like to invest in the land, see through the entitlement process, curb and gutter and then sell-off the lots to builders.

They are big investors in some of the large home builders in the country like Pulte and Schumacher ... but the Chinese are not home builders per se.

Now, commercial is another story. Plus they are really into the islands these days ... both coasts including Hawaii, Turk Cacos, Bahamas, etc.

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We are going to get hard within 6-12mnths

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Read again.

it's not just the big city markets that are over priced. The Baton Rouge market the last couple of years has been overpriced also. With new homes starting at $160sqft the price per income is crazy . I had a first hand seat in 2008 for the mortgage crash and 10yrs later i am still a mortgage loan officer. I have been warning people for 2 years that this market is due to correct and its starting. With lots of inventory coming on the market it's going to drive prices down over the next 2 years.

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Main factors cited are an increase in interest rates and lack of new buyers, even as inventory is continuing to rise.

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This was expected. It will still be a while, however, before home prices decrease. Developers/builders won't lower their prices until they realize that interest rates going up is slowing home buying.

Can North Dallas prices crash too please?

All housing markets aren’t created equal. The market in California isn’t indicative of the market in say Dallas, Nashville, Atlanta, Charlotte, etc.

Look at all the extra that comes with being a homeowner in California like high property taxes high income taxes, high insurance, higher gas prices, higher cost of living in general. People are fleeing California and taking their huge equity and paying cash for homes in Texas, Florida, and Tennessee and still have money left over for a nest egg. People are leaving high tax states like California, New York, and New Jersey for places with no state income tax like Texas, Florida, Tennessee, and Nevada.