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February 19, 2008

Housing Index May Be Good News

We thought you might find this observation interesting.  Here is an indication of where we might head next. Notice after the bounce in the housing index (Home builders) back up to 2/1 we are back on a sell signal for housing and will most likely test the lows again. 

The housing index normally leads residential real estate by about 6 months. Prices should rebound over the next few months but if this index does not hold the lows of January, prices will most likely start to decline again for residential real estate .

Click on the graph to enlarge

Housingindex


























This information was provided by our good friend and financial analyst ........ We can't put his name here because of SEC compliance issues. However, if you would like to talk to him, drop us an email and we'll give you his contact info.

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