patrick.net

This signature looks exactly like what you would expect from the final blow-off stage:

1. Exponential hockey-stick pattern.
2. Sales drop-off sharply as price gains accelerate.
3. Bullish sentiment prevails.

Also, please keep in mind that, since 2006, inventory has shifted from strong hands (primary households) to weak hands (wall street funds and wannabe landlords). This means that the inevitable break-down will be much swifter and deeper than in 2006.

#housing