I've been reading your posts about how you trade with CHARTS on Williams %R. Good stuff, by the way.
This isn't trading with charts ... or are you talking about another method you use?
Sacramento is going to be ground zero for the CA real estate crash. Home prices there have fallen by 5% in the last 6 months and inventory has risen by 90%.
Prices are going to drop by 40% when they revert to the mean.
What goes way up, comes way down. Welcome to the CA real estate...
Let's call a spade a spade.
This is a site designed to sell advertising, not provide accurate "real time" pricing data.
Using this site to make informed real estate decisions would be like using yesterday's price bars to make day-trading decisions today.
Robert Campbell
I understand.
There's a silent crash going on in many overvalued housing markets right now ... which I know for a fact because of my contacts as well ... and it is just starting.
>>>>The ironic thing is people said that 1st they cant lose, now people are starting to say its a long term investment. hmm, what does that sound like.
Sounds like a historically reliable indicator as to what direction the current trend is moving.
>>>>>Historically, real estate has gone up what, about 8% approximately on average? Is it even that high?
The U.S. median priced home has appreciated slightly above the rate of inflation for the past 50 years or so.
Leverage, of course, magnifies those returns.
According to DataQuick, the median price home in San Diego fell $15,000 in December 2005.
This was the biggest drop in 18 years.
Is this simply a pause that refreshes ... or is this the beginning of the avalanche?
Robert Campbell