About a year ago, at the peak of the cost-of-living protests, people began to hope that housing prices would drop. This was based on the presumption that people would push off home purchases - thus pressing sellers and developers to cut prices - as well as statements by politicians and decision-makers to the effect that they, too, would work to reduce prices.
Trends in housing prices: When expectations self-destruct
Predictions of falling prices were based on the fact that people expected them to, but this model sees only one side of the equation.
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Doron Tsur


