Housing Bubble

As we all know the prices for rental homes and homes for sale has gone over the top in the past few years.  We know the reason behind climbing prices is supply and demand. This is what some have come to believe, that Austin is in a housing bubble. The amount of people moving into Austin is substantially more then the amount of inventory. Making the demand extremely high, making people pay well over asking price in some cases. Making that the perfect situation for a housing bubble. There does come a time when people say we are not paying these prices any more, Do you think that time is near?