Timing the Real Estate Market
Can you time the real estate or stock market exactly - certainly not. There is no way that anyone can predict the exact peak of the market.
That said you can tell when the market is close to its peak.
A good example is a property I have now. In 2005 the market was hot very similar to todays market the house sold for $279K to a first time home owner. The market tanked and the family walked away from the home and I purchased it in 2010 for $135K. Now the house is worth $350K.
Timing here makes all of the difference. For the first time home owner buying at the peak will have a life long impact with bankruptcy and investment lost. I was lucky and was able to buy at the right time.