I do see increased risk of a market correction. I am not sure if it will happen in 3 months or 12 months but there is increased risk. IMO, it has gone up too much too fast.
Nothing goes up forever and there are always dips. You know the old adage about real estate? Location, location, location. Some experts think it's more like timing, timing, timing.
Certain segments of the market have just gone crazy.
Having said above, I just put in my 3rd offer on a house.