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<blockquote data-quote="Slim Whitman" data-source="post: 1481487" data-attributes="member: 21253"><p>Very hard to time this market precisely because nothing about it is organic, it's all determined by artificial inputs and vested interests keep goosing the market with phony stimulus. That said I am predicting that by the end of this summer we will have an observable high water mark in real estate prices, and they will start leveling off and coming down gradually for the rest of the year. This trend will gain steam and by this time next year, prices will be 10 - 20% lower than they are today, and continuing to fall from there. Just my best guess. As usual, real estate is highly local and price corrections will play out differently depending on the region.</p></blockquote><p></p>
[QUOTE="Slim Whitman, post: 1481487, member: 21253"] Very hard to time this market precisely because nothing about it is organic, it's all determined by artificial inputs and vested interests keep goosing the market with phony stimulus. That said I am predicting that by the end of this summer we will have an observable high water mark in real estate prices, and they will start leveling off and coming down gradually for the rest of the year. This trend will gain steam and by this time next year, prices will be 10 - 20% lower than they are today, and continuing to fall from there. Just my best guess. As usual, real estate is highly local and price corrections will play out differently depending on the region. [/QUOTE]
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