Reply to Why do expert say: Buckle in for a brutal free-fall in home prices

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m old enough to have learned that predicting markets is a fool’s errand, so all I have is scenarios in my head and the probabilities that I guesstimate for them. That being said, have caution about DCUM predictions as I’ve seen this site’s echo chamber tendencies. Back during bidding wars, the mantra on here was that prices are going up and folks will be priced out forever. Now the mantra is prices will crash in epic fashion. I think this site is an excellent barometer of current market psychology, but not necessarily a place that has a track record of predictive strength.[/quote]

But we don't have to guess. [b]Powell has been clear that he's raising the rates and even said that there's a housing bubble[/b] that he's trying to correct.[/quote]

Will you provide a link?  I can’t find anything with Powell calling it a “housing bubble.”   I can find references to housing inflation, but not a bubble.  My assumption is that people aren’t understanding the difference between a market slowing and calming down and a market crashing.  [/quote]

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