Posted 6/6/2008 02:55 (#391561 - in reply to #391198) Subject: RE: Head slap moment for the housing market.
Wyoming
Yep.
Real estate is an asset class just like any other, and it is possible for it to become over-valued.
What has driven up the value of real estate in the last 10 years more than anything else has been easy lending practices, which put incredible liquidity into the market.
Head slap moment for the housing market.
