Enough with these RE propaganda pieces! Sold 311K over asking, great! When was the sale? How has the market responded since?

The truth: This house sold 96 days ago, on May 15th, at the TOP of the bubble. 
Reality: Since they overbid at worst possible time (300K) + current market correction (200K) = Probably down -500,000$ on purchase price. 

Conclusion: Terrible mistake on buyer!