Heterodox
Another way to look at this is a ratio of existing to new home sales. This ratio was fairly stable from 1994 through 2006, and then the flood of distressed sales kept the number of existing home sales elevated and depressed new home sales. (Note: This ratio was fairly stable back to the early '70s, but I only have annual data for the earlier years). In general the ratio has been trending down since the housing bust - and is getting close to the historical ratio - and I expect this ratio...
Read More »My Slide Deck: “2020 Economic Forecast featuring the UCI Paul Merage School of Business” — Bill McBride
No housing bubble 2.0 and no recession on the 12-month horizon. Calculated RiskMy Slide Deck: "2020 Economic Forecast featuring the UCI Paul Merage School of Business"Bill McBride
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