Convinced home prices will fall? So are a lot of other Americans. Some - known as bubble sitters - are acting on their conviction. They’re cashing out by selling their homes and renting, figuring they’ll return to the market after prices have fallen. Bubble sitters also include those people who have never owned a home and are waiting to take the plunge, along with folks who are relocating and holding on to their cash until the market in their new hometown softens.

Bubble sitting has contributed to softening in housing markets, especially in new homes. Builders have reported slowing sales and they’re offering numerous incentives, rebates and discounts in order to move inventory. Just this week, builder Toll Brothers announced they expected sales to decline substantially for the year.

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