Thursday, November 09, 2006

The Crystal Ball

Hello,

I was asked yesterday from a client of ours "What are you (the experts) forecasting on housing price movement in the segment/locations that we're looking?". I let our client know that unfortunately we or no one else has a crystal ball on the future of where prices will go. The only thing I can do is look back to the past to be able to understand the future. The future market is unpredictable but if the past tells us anything, is that home values will always rise.

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