20 years or so historically. Demand is sooooo high right now and supply is trying to keep up. As production ramps up to meet it,............. if anything happens that softens demand then POP goes the bubble. I don't think markets like Utah that have natural high demand from the job growth will be as affected as other ares that are just rising with the national tide but we will see.
We made a couple of small real estate moves back in 2011 -2012 that worked out great. We always told ourselves next time something happened to the real estate market we would be ready to do more.