The Housing Bubble Has Fully Corrected

Today, real prices in housing are at levels not seen since the dot-com bubble in 1998. What does this mean? What’s ahead? What lessons can we learn? We’ll provide the answers.

For any type of investment, prices are determined by a complex mix of factors. In the case of the housing market, the primary factors are underlying fundamentals, investors’ access to capital, and investor psychology.

The real-estate investment bubble inflated out of proportion to the actual values of homes, in synch with a eup.....