Has anyone else paid attention to Housing prices? Wow

I am in the market to puchase a home with some land and luckily have a nice home but looking at current prices in my area the numbers is nuts. Low inventory, extremely high prices, and they sell quick. And on top of that what I call fixer-uppers are getting stupid money. I don't know if this is really getting juiced by the Stimi deals out there now but wow IMO when the bubble burst it will get ugly and quick....

What say you,
JW