How long can home prices keep going up?

More news from Thursday’s National Association of Realtors’ report on existing home sales: Home sales in November may have dropped compared to November 2004, but prices for those homes sold increased. That can’t last, though, say economists, as falling demand often translates into lower prices. Still, the price gains in November were high the median price for an existing home was $215,000, up 13 percent from November 2004, even as home sales decreased from both October and from the same month last year. more [WSJ] and more [NYT]