Real Estate price correction imminent

[JLM]

I just heard on C.B.C. radio today that an expert is predicting a 20% correction in house prices.

 

[Kreskin]

Not a good time to be buying.

 

[JLM]

Not a good time to be buying.

No but apparently they are.

 

[Bar Sinister]

I just heard on C.B.C. radio today that an expert is predicting a 20% correction in house prices.

You mean like the experts that completely missed the collapse of the US housing market?

 

[Cliffy]

I find real estate and stock market predictions self fulfilling prophesies. If anybody thinks they are free markets, they don't know what is going on.

 

[JLM]

You mean like the experts that completely missed the collapse of the US housing market?

Could be- but a big correction does make sense given the long run up for many years and our still somewhat fragile economy.