Demand
Supply
Price
I found the three charts above to be VERY interesting. With supply near its all-time highs and demand near its all-time lows it’s safe to assume that prices have only one direction to move and that’s lower. We will be watching the housing index ($HGX) closely heading into early next year as a dip in the index to new yearly lows would almost surely lead to another recession in the US economy. 2011 here we come...
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