My focus usually lies with stock indexes, sectors, and commodities, but today, we venture into the real estate market. Real estate is a market that many people don't fully comprehend. Many are excited by the robust housing market, believing it's never been a better time to buy. But the reality is, I believe we're in a phase that isn't ideal for such investments.
Why are multifamily starts skyrocketing now? Because savvy investors are trying to squeeze more money from an overpriced real estate market. Multifamily housing is cheaper to build, with rental units being more affordable for those with financial constraints. The current trend for real estate is downward, but the recent rally has masked this, bringing it back to the levels seen in 2020.Taking into account both multifamily and single-family starts, we see a similar series of lower highs and lower lows. This trend signals an overall weakening in the real estate market. The current spike is probably the last push, with potential struggles ahead for contractors once this wave of homes has been built.
So if you're not already familiar with technical trading, I highly recommend taking some time to learn more about it. It's not a perfect science, but it can give you a very helpful edge in the market.I also want to stress the importance of diversification. It's not enough to just invest in real estate or just invest in stocks. You need to spread your investments across a range of different assets, sectors, and even countries.
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