How to Tell the Housing Bust has Bottomed -
When the hundred year housing chart finds a new plateau. Very generally - the market moves up for about seven years, flat for seven years, down for seven, level for seven and then begins a new wave up.
Here is a graphic showing the Case-Shiller Index along with some bloggers projection showing reversion to the mean at a new plateau.
http://globaleconomicanalysis.blogspot.com/2011/06/when-was-housing-peak-and-how-far-to.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
The second major signal will be when the maintream press runs pieces titled "Is this the beginning of the triple-dip down?"
THAT is the point to buy using both barrels.
Currently the mainstream media is promoting the myth that housing prices are putting in a bottom right now.
Here is just one example from today:
http://finance.yahoo.com/real-estate/article/112969/how-to-tell-housing-market-hit-bottom-wsj
That said, I am now myself looking to buy income property, though being VERY picky about it...
When the hundred year housing chart finds a new plateau. Very generally - the market moves up for about seven years, flat for seven years, down for seven, level for seven and then begins a new wave up.
Here is a graphic showing the Case-Shiller Index along with some bloggers projection showing reversion to the mean at a new plateau.
http://globaleconomicanalysis.blogspot.com/2011/06/when-was-housing-peak-and-how-far-to.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
The second major signal will be when the maintream press runs pieces titled "Is this the beginning of the triple-dip down?"
THAT is the point to buy using both barrels.
Currently the mainstream media is promoting the myth that housing prices are putting in a bottom right now.
Here is just one example from today:
http://finance.yahoo.com/real-estate/article/112969/how-to-tell-housing-market-hit-bottom-wsj
That said, I am now myself looking to buy income property, though being VERY picky about it...
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