Bull or Bear Real Estate Market?
Friday, July 29, 2005
Is the real estate crash a looming reality or a myth in sheep’s clothing? Many people are comparing the recent real estate boom to the stock market run-up and eventual crash in the late nineties. What most people don’t realize is that Alan Greenspan warned of “irrational exuberance” in the stock market in December 1996. What happened next was a DOUBLING of the market in the next 3.5 years!
On the other hand, markets do tend to correct themselves, and experts on both sides of the argument expect a correction. But not many can agree to the degree of correction or the timing of the correction. Most experts think that a correction, no matter how small is still a few years off. And most agree that the market will not “pop”, but will slowly cool in most areas.
Fortune
posted by author @ 6:27 PM,
