"While not many will agree with me, I believe U.S. real estate prices have bottomed and are on the rise," says Larry Edelson. In Uncommon Wisdom, he eye an ETF to play the sector.
"Mind you, my forecast doesn't mean property prices in every town in the US have hit bottom. Nor does it mean you should run out to blindly buy property and expect to get rich on it overnight.
"But all the evidence I see tells me real estate prices in the U.S. are now a bargain ... that we're at the bottom ... and that there will be a recovery in property prices, albeit slowly, over the next several years.
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