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Real Estate
Reply to "Why do expert say: Buckle in for a brutal free-fall in home prices - Housing Bubble"
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[quote=Anonymous][quote=Anonymous]Prices are going to continue to fall because of interest rates. It’s a mathematical certainty. No one knows exactly how far they will fall, but the prices will fall. You really want to look to economists regarding this, not realtors. A lot of people think realtors have strong, economic backgrounds, or that they are experts in predicting markets. They are not. [/quote] Nobody thinks realtors have strong economic backgrounds... But some people do give them too much credit regarding predictions. Realtors can be good observers of empirical facts, they are closest to the market, if they are good they can accuretly predict local market seasonal trends. But i would never trust realtors' analysis in an evolving econ context or at more than a year [/quote]
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