Good news, Bad news?
The BF is in the business and living here in California knows all to well about what happens in an over inflated real estate market.
He glanced at the charts and based on his Gann knowledge of chart analysis (W. D. Gann was a financial trader and market forecaster) the comment he made to me was that the gains were unsustainable.
Well, lo and behold, there was an article in Bloomberg yesterday which showed that the Paris housing market is down about 3% and the number of properties sold is down 12% in the first 5 months of the year. There's been a pick up in the number of apartments offered at a discount.
Sellers are urged to be more realistic and may need to lower their asking price as much as 5% to get their property sold.