• 17 hours The Single Most Exciting Mental Health Breakthrough Of The Decade?
  • 3 days Pipeline Hackers Lose Access To Ransom Funds
  • 3 days Military Coups Are Big Business
  • 4 days Crypto Market Crashes As Tesla Turns Its Back On Bitcoin
  • 5 days Gold Bulls Are Facing An Uphill Battle
  • 6 days Has The Dogecoin Hype Fizzled?
  • 8 days America's Semiconductor Shortage Is Just Getting Started
  • 11 days The EU Begins Backtracking On China Trade
  • 12 days Americans Are Sick Of Unfair Taxation
  • 14 days No Jab, No Job: The New Hardline Policy of U.S. Employers
  • 16 days What’s Included In Biden’s $6 Trillion Economic Plan?
  • 17 days The “Great Car Comeback” Brightens Oil Demand Outlook
  • 18 days The 3 Most Profitable Covid-19 Vaccine Stocks
  • 20 days Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
  • 21 days The New Economic World Order After Covid-19
  • 25 days 3 Signals To Watch For A Stock Market Correction
  • 27 days Netflix Earnings Red Alert: Subscriptions Could Underwhelm
  • 28 days Wall Street Banks Are Back
  • 28 days Elon Musk’s SpaceX Scores Big Win Over Jeff Bezos’ Blue Origin
  • 29 days Which Country Is The World’s Largest Investor In Batteries?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Real Estate: May 2017

Our last special comment on US real estate was published in August 2006, just a month after the actual peak in prices. Although not mentioned, the timing was prompted by a rare signal from our Peak Momentum Forecaster. It got over 1.20 signaling that whatever the big speculation was focused on was peaking.

The hottest phenomenon that fateful summer was residential real estate.

By anecdote and price, North American residential real estate has again become highly speculative. This time around, our "Forecaster" is not giving a signal, but the play has become very frothy. As global credit markets reverse to adversity after mid-year, the mania will begin to fail.

The link to the 2006 special study follows:

http://www.institutionaladvisors.com/uploads/9/7/9/5/9795010/bob-hoye-consequence-of-real-estate-bubbles-aug-29-2006.pdf

"U.S. Housing: Going From Good to Great"

- Seeking Alpha, May 8.

"Asian Investors Bullish On US Property"

- Bangkok Post, May 9.

"The housing market is on fire, as sales surge and prices keep rising."

- Wall Street Journal, May 15.

"It'll cost you $2.5 million to live in this mobile home in a trailer park in California."

- Money-ish.com, May 16.

 

Back to homepage

Leave a comment

Leave a comment