Real Estate Journal - "Buy a Newly Built Home Now Or Wait for Prices to Fall Some More?" (10-9-06)

"Question: I am purchasing a new home just outside Los Angeles. But like everyone else, I am worried the bubble will pop. I reserved the house in February of this year, so the house has gained $20,000 just on the base price, but I added options that brought the house's price and value up. Should I get out of the house and wait for the market in this area to fall, or am I safe with the current market?"