Idea for Real Estate: - Real Estate testing a double top after some exhaustion Sept-Oct. - MBB's rolling over, rejected at -1 Std Dev:
- Because every other market component is already at +2/-2 Std Dev, and Real Estate is relatively less volatile than say S&P 500, I think the +1/-1 Std Dev is a good signal. - We will have more confirmation next week depending on Fed's decision to taper MBS purchases. I think the Fed will stick to their signaled schedule in hopes of avoiding any sort of a "tantrum". - Historically, RE and MBS's lead declines in equities. - We have seen both commodity prices, Building Permits and pending Home Sales come down, so a decline is natural:
- Overseas property market declining is likely to have headwinds as well:
GLHF - DPT
註釋
2/3 of the 7000 homes that Zillow Group bought are underwater, causing it to lay off 25% of its workers: