These are updated charts of the housing market that I was exposed to at Agora Financial. One of the things the speakers stressed is that when a correction occurs of this magnitude it always reverts back to the mean at the very least. And any good crowd technician will tell you that they tend to overshoot the mark and move into the
oversold territory. It’s not like it’s going to go down in orderly fashion, touch the mean, and start to head higher. There will be more selling ahead.
Median Income vs Median Home Price
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