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A red flashing light in the housing market could spell trouble for the economy

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One warning sign of trouble could be flashing in the housing market, according to forecaster Lakshman Achuthan.

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 /  🏆 12. in ZA
 

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TradingNation Flattening prices are no less flattering when the interest rates are giving the jousting flutters.

TradingNation Crisis is here (again)

TradingNation I guess the dirty money coming from foreign countries and inflate the housing market will soon feel the burn.

TradingNation It’s clear the housing market is bound to have a reboot of 2008, especially new “booming” markets like where I live in Brooklyn. 1000s of new apartment duplexes but no one has disposable income for the businesses that make up the storefronts. Collapse is on its way brooklyn NYC

TradingNation First sign? The first sign was housing prices above 2008 prices. Lol.

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The worst of the correction could still be ahead for the market, and one chart offers evidenceThe worst of the correction could still be ahead for the market, and one chart offers evidence. via TradingNation TradingNation Charts are “evidence” of future performance as much as tarot cards are.
Source: CNBC - 🏆 12. / 72 Read more »