I noticed inventories are at 5-6 yr record highs %26amp; prices flat for the last 6 months. But when will they begin to tumble like the late 80's ?When Will the Housing Bubble Pop?
Recessions and the housing market are similar in their occurence. The stock market is a good predictor 6-9 months before a recession. It predicts a recession when the S%26amp;P 500 index crosses its 52 week moving average in a downward direction. Right now, it is sitting right on the moving average. If the stock market is down lower in the next week, a recession is likely within the next 9 months. If the stock market rebounds, a recession, and hence the housing bubble bursting, is not yet on the horizon.When Will the Housing Bubble Pop?
Some say it's already begun to tumble.When Will the Housing Bubble Pop?
I saw on TV where they said it has already popped in some parts of the USA.
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