Are we on target with Irvine Renter's forecast?

[awgee_IHB]

[quote author="blackvault_cm" date=1227767564]I'm no real-estate expert so this is why I ask. Do the futures have any indication or weight or telling where home prices are heading? LA futures for median home price are about 28% less than what it is at currently. Thats a huge

drop. I know LA is not Irvine, but there is no futures market for Irvine. Just getting a feel for it.</blockquote>


Futures traders are just a bunch of guys like you and me and some hedge funds and some institutional investors. I would not bet against them. What month and year is the 28% decline for?

 

[lendingmaestro_IHB]

I didn't even have to look at who started this thread--only needed read the title, and knew it was Panda.