Both because of the impact of rates and the simple technical retracement, international real estate is going to suffer -this is true in Europe, Canada and also in Asia. Developped Asia and the global economy is still caught in the current and past trade issues; although seemingly unrelated to property, the tension and market sentiment are adding to the fundamentals. Prices are tracing down and will hit the next support level .
Excellent chart. Thank you.
A potential rally to 58 area, IF it comes,
would complete the right shoulder,,cementing the Head and Shoulders Reversal Pattern.
Longer term , and it could take months, or years'
a price break of 46,
could ultimately project VNQI
to 27 !
THE_UNWIND
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