The Folly of Predicting Home Prices — and Interest Rates (at Least in the Short Run)

Ben Bernanke’s Mortgage “Fools rush in where angels fear to tread.” –Proverb “This side appears to be brown.” –Joke about what a CPA will answer, when asked what color a horse standing 50 feet away in a pasture is. When clients ask me where I think home prices are headed, my standard Realtor answer is,...
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