The continuation of the three-year-old bear market in real estate has brought many people forward to comment on the condition of the real estate market. It seems for everybody with an opinion, there are an equal number of theories about where the housing market is going. So, not to be left out of the crowd……. I thought I would chime in with an (updated) opinion of my own.
You cannot have a clear view of any market without tracking the key trends for that industry. The single most important real estate trend that everybody with an interest in the housing market should follow is non-seasonally adjusted inventory movements. In simple-speak, is the housing inventory growing, or shrinking?
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