I am a technical equities trader and market analyst.
I still see tons of people on the sidelines calling for a housing market crash.
Just wanted to give everyone a friendly reminder that when the average person is trying to time the market crash either in Stocks or housing chances are it won’t happen.
From my experience whenever people start to scream that the markets are over price and the average person starts to position them self for a crash usually what happens is the market continues its trend until the doomsday or’s finally give up and then the market corrects.
I could be wrong but the amount of people I see on the sidelines calling a crash reminds me of many other Situation’s.
Actually I want to say that for the people waiting for interest rates to go higher are likely going to be waiting until 2022 or 2023. By that time the housing market could go up another five or 10%. If there was some kind of correction it could bring us down to today’s prices or early 2021 prices but with higher interest rates.
My advice would be trying to time the market isn’t the way to go.