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7 U.S. Markets Lost Value Year-Over-Year
On a ‘real’ (inflation-adjusted) basis, home prices declined Year-over-Year (YoY) in ONLY 7 of the 405 largest real estate markets nationwide.
That’s the strongest overall U.S. real estate market performance since just before the last real estate crash!
All the declining markets are in California or Texas.
(We’ve been warning you about many of the California markets for several years now even though other nearby states and regions had been looking strong.)
In the previous quarter, 17 markets had annual home price declines.
(See the entire list of declining markets below.)
In addition to the list of declining cities below, we also use our Advance-Decline (A-D) Indicator that aggregates and tracks Market Breadth.
‘Market Breadth’ is a technique used in Technical Analysis (TA) that attempts to gauge the direction of the overall market by analyzing the number of markets advancing relative to the number declining.
Changes in Market Breadth can act as early indicators for changes in the market cycle.
data looks like for the overall National market.
#1 – When the red chart line is inside the green zone it’s a bullish – or positive – outlook on the overall market.
#2 – When the red line is in the middle zone it’s telling us there is no strong bullish or bearish direction; you must rely more heavily on market-by-market selections.
#3 – When the red line is in the bottom (red) zone, it indicates substantial weakness in the overall market.
This A-D Indicator can also be used on State and Regional levels for more granular insights. PRO level members can customize this Advance-Decline tool by logging in and visiting: Real Estate Market Breadth Analyzer.
Below is the list of cities with
declining Year-Over-Year home prices…
Don’t get fooled by the low number of declining markets; some of our other Technical Indicators are looking weak… it just depends on the individual local market.
These are not normal times.
It could go either way in the coming months and quarters.
Investors need to pay close attention.
The only accurate way to analyze and anticipate local real estate market moves, especially in times like this, is with Technical Analysis (TA) and HousingAlerts.
‘Market Psychology’ will decide which markets are winners or losers, and only TA can track that driving force.
If your markets are on this list, DON’T panic!
ONE data point, whether it’s for a Quarter or a Year, doesn’t necessarily mean it’s time to buy, sell or hold… or do ANYTHING different, other than pay closer attention. That’s where Technical Analysis (TA) comes in.
TA is a 500 year old science to help predict future market swings. TA is used by every Wall Street investment bank and every global stock, bond, currency and commodities trading firm on the planet for TRILLIONS of dollars in DAILY trades.
We invented TA for local real estate
markets and have the most accurate local
market cycle predictions on Planet Earth
If you want to maximize your Investing, Wholesaling and Flipping profits while minimizing risk, capital and effort in ANY U.S. real estate market, you need to invest WITH the market. Come join us and enter the world of Intelligent Investing.
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