Posts filed under “Real Estate”
Nice pair of charts from Northern Trust that show even as sales slow down:
Prices still remain relatively robust:
That may seem counter intuitive to equity traders; when you top tick a stock, its all down hill from there. But the money flow, finacing and resistance levels are different.
Except for first home buyers, top ticking on a buy also implies top ticking the sell, too. A buyer into a over priced/high priced market is also a seller into that same pricey market.
Indeed, rolling a few $100k out of one overpriced home — and into another — is very different than buying Google at $460 or Apple at $83 . . .
UPDATE January 26, 2006 2:29pm
So I post this on the way out the door to a lunch meeting, and then in the cab on the way, I immediately think of exceptions: First time buyers, speculators, builders/developers, etc.
But that still leaves somewhere between 50 and 75% or so of buyers as simultaneous sellers also.
In my mind, the significance of this is that the Real Estate may slow down in a slow motion fashion also.
Housing Market Is Certainly Cooling Down
Northern Trust, January 25, 2006
Alan Abelson, in this morning’s Barron’s, quotes Macro-Maven’s Stephanie Pomboy on why the consumer is soon to be spent-out: “Whatever those worthies were smoking, it must have smelled pretty good because the investment mood until this past week was happily, giddily upbeat. The sentiment readings were almost uniformly bullish. Those blue skies were virtually cloudless:…Read More