US Real Estate Cracking Key Area!
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This chart has a history of breaking upper trendlines before pushing lower. It keeps making a series of lower highs. This time is no different.
1 in 10 homes is now worth at least $1 million
Newly listed homes -24.8% YOY
Number of homes for sale -18% YOY
If it were not for such a low supply of homes this chart would have collapsed a long time ago. However, this does not mean it won't. Wait until a recession hits and then we will see.
1 in 10 homes is now worth at least $1 million
Newly listed homes -24.8% YOY
Number of homes for sale -18% YOY
If it were not for such a low supply of homes this chart would have collapsed a long time ago. However, this does not mean it won't. Wait until a recession hits and then we will see.
Note
Another great call!
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