2020 will be one of the stops of many along the downward trend.
This will also be the "oh shit" moment when the 1st, 2nd or 3rd time home buyer FOMO crowd realizes that taking out big loans "until you make money" is not a sound investment strategy. The rest who learned their lessons will survive.
Bottom is no where in sight yet. Solid Bull trap in play.
When the Crowd starts reading moves by the Federal .GOV like in 2007 then you'll know we're getting close...even at that point there is still a Lag.
"8/9/07: The PPT cannot afford to sit back and watch both the US housing market and the...
Two good indicators to watch for is the "Plunge Protection Team" and TARP intervention.
Historically indicative of a RE bottom.
No hurries...and yes we have a ways to go.
This Illustration helps explain why we bicker at one another with the he said she said, arguing back and forth and so on...
If the Fed can't figure any of this mess out...how can anybody??
This is how on the fringe edge BlackRock really is, despite what the crowd believes, right at the moment during yesterdays UK pension fund debacle nearly getting hit with margin calls and going straight into default. Yes, "That "BlackRock".
Keep in mind BlackRock also manages about 25% of...
They had to because several UK pension funds are getting hit with margin calls and are trying to avoid default.
I'll keep my opinions to myself from here on out. Just post info.
https://www.risk.net/derivatives/7954682/uk-pensions-hit-with-ps100m-margin-calls-as-gilts-and-sterling-slide
So elaborate how this correlates to the Case-Schiller 20 City Composite. You post home prices for Southern California.
Also, your interest rates chart stops at 2020. This is the Year 2022, September 27, 2022 to be precise.
And...so does your rent to home prices chart stops at 2020.
Everything...
RE Data always lags real-time and always will. You know the saying...few understand this.
I think notes from Bloomberg earlier said it best in the simplest fashion.
Makes sense ^
This morning:
1) 10 minutes ago: Fed Collon’s: A rise in unemployment is needed to bring inflation down.
2) Industries such as tech, finance, and real estate are poised to see the biggest layoffs in a downturn, per Bloomberg.
3) Dallas Fed September Business Activity: -17.2 Vs...