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Property Radar - June Sales Volume Lowest Since 2008
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2014 Jul 16, 6:50am 4,059 views 8 comments
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Eman
2014 Jul 16, 8:20am
If history is any indication, this year is supposed to be slow. The market will take off in spring of 2015.
See the chart below and its correlation between the previous market top and this market top. The only difference is the magnitude of the movement, which makes sense, since the recent housing cycle was much bigger than the previous housing cycle. It's quite predictable because human behaves the same way in every housing cycle.
1989 and 2006 - market tops
1991 and 2009 - market bottoms
1992 and 2010 - first market rebound
1993 and 2011 - first market correction
1994 and 2012 - second market rebound
1995 and 2014 - second market correction???
Eman
2014 Jul 16, 8:36am
How many times in history has the FED injected so much into this market like they've done the last few years?
You're missing the point. Every cycle, our government tries to fix the problem using a different approach. It may look different; it may feel different; but it's NEVER different this time. It's always the same outcome.
bubblesitter
2014 Jul 16, 12:00pm
June Sales Volume Lowest Since 2008
That means buyers can't afford, prices has to go UP, history says so!
If history is any indication, this year is supposed to be slow. The market will take off in spring of 2015.
So you found a trend in some graphs and believe history will always repeat itself? Um ok... Im sure its that simple always.
Buyers are waiting for prices to increase 50% so they can overpay 50% above the 50% new price increases.
Eman
2014 Jul 16, 5:25pm
If history is any indication...
2015. Its the new 2007!
I believe 2016 is closer to 2007.
Eman
2014 Jul 16, 5:27pm
If history is any indication, this year is supposed to be slow. The market will take off in spring of 2015.
So you found a trend in some graphs and believe history will always repeat itself? Um ok... Im sure its that simple always.
Well, why don't you show us the last time it was different.
Just received this from Property Radar. Article and charts at link.
http://www.propertyradar.com/reports/real-property-report-california-june-2014
“June marks the sixth consecutive month that sales have been lower on a year-over-year basis,†said Madeline Schnapp, Director of Economic Research for PropertyRadar. “The lack of distressed property inventory and rapid increase in median prices has definitely taken a toll on demand.â€