Housing market's median home value (for new homes) peaked 2 months ago at $457k.
Total growth leading up to that point over the last 59 years, since 1963, was $439.3k.
The last two years accounts for a significant portion of all growth, while the last two growth periods displayed more growth than all of which occurred during the 44 year period between 1963...
A look at the Zillow market share. Here we compare Redfin, Zillow, and Berkshire Hathaway to understand the relative market share of some of the largest real estate companies in the US. Just for information, no predictions :)
Traders,
Why $18,415? Where did I get that level of support from? Will it hold? Is it time to DCA? And why am I only trading in USDC/BTC pairs now? All of these questions and more will be answered in this episode of my crypto market update.
- Stew
Simple chart to look at the relation between hew home builds, a broad housing ETF and a mortgage lender.
It demonstrates that they all have a strong correlation and that mortgage company performance is a leading indicator of housing market performance and that new build housing stocks are a leading indicator for the housing market in general.
We will get a slew of housing data next week which will send shock waves throughout the housing market. I believe we get very weak housing starts and home sales numbers. My pessimistic belief for this data is derived from the fact that interest rates are at 3 year highs. Interest rates have a big impact on financing costs for homes, when financing costs rise home...
Economic Data coming out next week for new home builds and sales. I believe these numbers will be very week which should push those housing sensitive names lower. I believe this stock is a prime candidate for a major drop as we are seeing the price come up to test that 50 day moving average.
Head and shoulders breaking down. Further downside coming.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NYSE:O
GOLD has a monster CUP and HANDLE playing out on the Weekly TF spanning over 10 years now.
The Housing Market seems to have reached a BUBBLE/HIGH.
What are your thoughts on the markets for the future, please like and comment.
NFA.
Expecting the housing market to drop a little.
Sell signal on BlueWave is coming in soon.
We have 2 conditions for this to play out.
Condition 1 line needs to be broken.
After condition 2 is broken you'd have s strong confirmation that a downward trend momentum has started.
Short/or PUT options for a play like this.
Housing stocks are looking to have at least one final push to all-time highs.
I would give this 2 weeks to play out.
BlueWave and Stochastic RSI are confirming the momentum
So one of my daily rants got long enough to warrant a Medium post. Whether you agree with it or not, I think I do have a plan mapped out for myself, at least financially speaking.
The tl;dr is that underlying trends don't really look good for the US real-estate market right now, despite record high gains in the last few years. Or maybe it's more accurate to say...
I recommended West Fraser Timer (WFT on TSX) some time ago. In November the company announced it would buy another lumber company, Norbord.
Nov 19, 2020 | Posted in Corporate News, News
West Fraser to Acquire Norbord, Creating a Diversified Global Wood Products Leader
– Complementary OSB business expands product and geographic diversity
– Greater scale and...
Sure, low yield rate alone doesn’t justify the extremely high valuation of NASDAQ, but many investors may have overlooked other factors that may have contributed to NDX's rise.
Quick recap of recent macro events-
THE BAD
Corporate profits in the United States dropped 11.8 percent to USD 1,569.2 billion in the second half of 2020, following a downwardly...
I have been tracking this ETF for a long period of time. We just broke one-year resistance and clear evidence on the fib retracement (specifically level 0.5) shows that the price was weakening.
Technicals aside, there is no reason as to why this should move upwards. This pandemic has taken out firms with high leverage, left more than 25 million Americans jobless,...
