Are we on target with Irvine Renter's forecast?

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blackvault_cm said:
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.
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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?
 
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