I had an email recently that made me laugh.
Well, not really laugh, more of a comfortable sigh. The kind of expression when someone tells you something you already know, and you also know the root cause.
Like when someone tells you, “it’s raining out” and you know the specific weather patterns that made it happen.
Anyhow, the email said, “House prices are dropping, just like I said.”
The truth is… house prices ALWAYS drop in the late summer months. It’s so predictable, you could almost set your watch to it.
So the next time you read headlines about “the bubble bursting” or something of that nature (and you can count on it, because some reporter says it every year), just view the link to the graph below…
The “bursting” may simply be the market following its normal summer course.
Comments are welcomed and encouraged!