Industry News

The people’s forecast

Part 3: The mystics predict the housing market

Editor's note: Forget the housing experts who've made our heads spin with real estate market forecasts. It's time for a fresh set of eyes and a new set of skills to tell us whether this housing market is going to bust. In this three-part series, we sought out some alternative sources for predicting the housing market. We opted for a deck of tarot cards, the Taoist zodiac and a consumer focus group. (See Part 1: Tarot reader predicts slowing, but no crash and Part 2: Is it my time to buy?) The American dream of home ownership isn't just alive and well. It's kicking. For years, we have been asking the experts, economists and trade industry gurus. Not getting a straight answer, we decided to ask every day consumers–John and Jane Doe–during an Inman News focus group of architects, executive assistants, project managers and several other white-collar workers.  The diverse collection of renters and homeowners reached a surprising consensus: Housing prices may be high...