I think this is a pretty clear pattern in housing prices. Past performance may not indicate future results, but I'm confident that a pattern with this many cycles and signs of instability at the right time will hold.
Housing topping out? We have not yet seen the evidence to support such a claim.
The builder Cancelation rate is still very low. The historical avg is just shy of 10%
the current rate is around 6.5% With commodities soaring, rates rising, wages
lagging inflation inverted yield curve and mortgage rates going vertical this could
change very abruptly.
The historic...
