Since we have New Home Sales at 10:00am this morning, let’s take a look at U.S. House Inventory, Priced in Dollars:
Chart courtesy of Macromavens via The Gartman Letter
Note the series of higher highs and higher lows.
That’s a pretty astonishing increase in total inventory value. I’m not sure if its based on the listed price or comparables, but either way, t implies that prices will be coming further down in U.S. Real Estate.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.