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Chris delivers a special video report about the real estate market and whether or not right now is the time to invest.
Taking a look at a chart depicting Multifamily Starts (a dwelling with five or more units) it is easy to think that it’s a great time to get on board. But in looking a little deeper, after each major surge, the economy and markets go into a significant and prolonged downtrend.
The chart for Single-Family Starts shows a clear top and a developing trend of lower lows and lower highs. The Total Starts chart is also logging in lower lows and lower highs.
The Homebuilders ETF XHB shows a huge uptrend indicating that the average investor feels that the market correction has already happened.
Looking at the IYR chart from back in 2008, the pattern is looking a lot like it is right now. Is the tightening consolidation a red flag for what may soon come to pass?
Video Length: 00:16:52
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