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June 09, 2005
Housing Bubble
This economic model says there is a housing bubble and it will burst sometime next year.
Didier Sornette's and Wei-Xing Zhou's analysis differs from just two years ago, when there was no sign of the faster-than-exponential growth characteristic of a bubble. Their conclusions are strengthened by their successful prediction of a housing bubble in the United Kingdom in 2003, where housing prices began dropping in July 2004. Their analysis is nifty, and the mathematics are simple and straightforward. Soon might be a good time to sell.
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Posted on June 9, 2005 06:23 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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