USEHS: Existing home sales 2008 to 2023. Eerilly similar.
Hi,
I do not post as often as I'd like to, the market being bearish and not as fun as a bullish one.
Was thinking it would be interesting to compare 2008 to 2023 Existing housing sales.
The chart patterns are very similar, in form and timing. In 2008, crash came very close to the low in existing home sales.
We are at that very specific point right now. Not saying a crash is going to happen. Just wondering if this indicator is worth anything.
Remember, stay humble, have fun, make money.
Maax
I do not post as often as I'd like to, the market being bearish and not as fun as a bullish one.
Was thinking it would be interesting to compare 2008 to 2023 Existing housing sales.
The chart patterns are very similar, in form and timing. In 2008, crash came very close to the low in existing home sales.
We are at that very specific point right now. Not saying a crash is going to happen. Just wondering if this indicator is worth anything.
Remember, stay humble, have fun, make money.
Maax