Real Estate is just fine. BUT some subgroups of the industry are overvalued significantly. Prime Commercial Real Estate Luxury Home Builders Luxury Condo Developers Vacant Plots of Land All overvalued in my opinion and ready for a crash within two years. However this is offset by undervalued subgroups of RE which will explode. Existing single family (Under 250k) Affordable condo developers (Under 250k) Conversions (Apartments or offices to condo) Non-Luxury Home Builders (in robust markets) Just my two cents.