I noticed inventories are at 5-6 yr record highs & prices flat for the last 6 months. But when will they begin to tumble like the late 80's ?
2006-06-10 08:50:57 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Recessions and the housing market are similar in their occurence. The stock market is a good predictor 6-9 months before a recession. It predicts a recession when the S&P 500 index crosses its 52 week moving average in a downward direction. Right now, it is sitting right on the moving average. If the stock market is down lower in the next week, a recession is likely within the next 9 months. If the stock market rebounds, a recession, and hence the housing bubble bursting, is not yet on the horizon.
2006-06-10 09:27:35 · answer #1 · answered by kkona3 2 · 2⤊ 0⤋
I saw on TV where they said it has already popped in some parts of the USA.
2006-06-10 08:53:36 · answer #2 · answered by Old Fat Bald Guy 5 · 0⤊ 0⤋
Some say it's already begun to tumble.
2006-06-10 08:53:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋