There is no one clear index when it comes to following the property market. But looking at several property indices I'm able to see a distinct pattern and it appears to be a flat correction
. Some countries like Dubai and UK appear to be further ahead in this correction. Obviously I'm not here to give anyone any personal advice, but I do recommend caution at these levels. It may be a bit early to say, but my view is that once S&P's bull run reaches exhaustion level that may trigger a down turn in the US property market. Let's wait.
I'm keen that the first yellow line is broken so it allows the new property buyers to enjoy the positive equity until it reaches the next level.
Happy to discuss if anyone is interested.