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COMMENT: Mr. Armstrong, I simply need to congratulate you on creating Socrates. I’m an actual property aficionado and Socrates has overwhelmed the Case-Shiller Index which peaked in June of 2022 and even the Redfin Index which peaked in Might 2022. Socrates peaked at a excessive in December 2021 forward of everybody. Your mannequin has proven a 34% drop into October the place everyone seems to be saying a 20% drop by the tip of subsequent yr is probably going. I simply wished to put in writing since you and Socrates have overwhelmed everybody in the true property forecasting enterprise and you don’t even make {that a} massive deal. Socrates is superb.
I simply wished to share that as a result of you don’t even trouble pounding your chest about actual property.
Thanks a lot
LR
REPLY: Socrates is forecasting so many facets of the world financial system I don’t have the time to pound my chest and if I did, I’d most likely find yourself within the hospital for it will get so many issues proper. It covers a good sampling of actual property all over the world and I do know we now have many main actual property firms tuning in. Thanks to your remark. I’ve not had the time to take a look at both of these two indices as of but.
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