CNN - "Bubble sitting: The pros and cons" (8-11-06)

"Waiting for home prices to drop before buying a home is tempting, but making the right call isn't simple."

"Some - known as bubble sitters - are acting on their conviction. They're cashing out by selling their homes and renting, figuring they'll return to the market after prices have fallen."

"Bubble sitters also include those people who have never owned a home and are waiting to take the plunge, along with folks who are relocating and holding on to their cash until the market in their new hometown softens."

"Many experts have labeled the majority of U.S. housing markets either overvalued or severely overvalued, but is it wise to count on prices falling?"