News Bites Is the housing market in a bubble? How can gold reach $20k? Briton Hill answers

While the real estate market in the U.S. may slow down over the next 5 to 10 years, a correction from current valuations across the board is not imminent, said Briton Hill, president of Weber Global Management.

The health of the market varies by location, Hill told David Lin, anchor for Kitco News.

“Depending on where you’re at, you [could be] in the clear but there are other areas like New York City where there’s a big exodus of people from New York…New York prices are softening, so the first thing I would take into consideration is where are you,” he said.