I would agree that trying to time the RE markets to its extremes is improbable. However, I think it’s very possible to get the general direction right. Unlike the securities markets, the RE markets move very slowly and it’s possible for anyone on the outside to know what’s happening with a particular property without having to rely on the word of an insider (like a CEO or CPA of a company). You guys can and do watch what happening with the number of sales vs. the number of listings and can read the general direction of pricing trends. The rest is just patience.
