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Real Estate
Reply to "Does anybody have a grip on the housing market?"
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[quote=Anonymous]Bubbles in housing really take a long time to deflate. If you go back and look at the data from 2006 to 2008, there was almost no decrease from 2006 to 2007 then a dramatic decrease from 2007 to 2008 (this is aggregate data published by the fed so while I am sure people will have contrary data points, the aggregate data doesn’t lie). Pent up demand doesn’t go away overnight. I expect this year to stay at peak pricing but I think 2024 is where things will get interesting. But if you’re a buyer, I get that it is tough to wait especially if you’re renting right now. [/quote]
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