Really, is your cup 1/2 full, or 1/2 empty?
The market is dependent upon how your are looking at it.
It is what it is. The market is appreciating dramatically. Not where we were in 2005-2007, but still jumping up there. As long as interest rates stay low, it's not so painful to see the values going up. But as homes increase their equity, the economy improves...yes, those home loan rates will go up. And, then, the market will lessen in the affordability index.