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
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.
