grantcardone
Grant Cardone.
  • Grant Cardone is expecting the "greatest real estate correction" of his lifetime.
  • The investor sees offices and apartments slumping in value, presenting bargains to intrepid buyers.
  • The Fed's rate hikes drove mortgage costs to painful highs, stifling the housing market, he said.

Get ready for a historic slump in property values that will throw up bargains for brave buyers, Grant Cardone says.

"We're entering the greatest real estate correction in my lifetime," the veteran investor told Fox Business in a recent interview.

"It will not include single-family homes, but it will include office where we're already seeing that damage, and we're going to see it across the entire apartment complex," he continued.