DislikedWhile certainly our housing market never became as inflated as the monstrosity in the US in 06/07 it certainly isn't pretty either. Please don't tell me that you think a measly 1-3% drop in the housing market means its hit a bottom. You are sounding alot like one of those pundit chanting market bottom, market bottom, market bottom all throughout the GFC.
I'm just hoping you don't fall into the trap that its all clear sailing from now on.....Ignored
House prices where way overflated and had to come down like any extended rally in a market. But like all sell offs things turn. I think they will rise but not like they did in 09/10 but flat to smaller gains, yes I do think that it will start to happen. I just see a fair value Chanel with our interest rates between 4 and 8%, we have breached that and that's why i think they will not drop further.
scfx
The best indicator is price.