11/04 Home Sales Reach 14-Year Low in the US [As Is]

Home Sales Reach 14-Year Low in the US   [As Is]
Posted Nov 4, 2024 by Martin Armstrong

The home buying frenzy seen during the pandemic years has ended. We are no longer in a seller’s market as the tides have shifted. The National Association of Realtors reported that home sales in the US slowed to a 14-year low this September.

图表由 Martin Armstrong 提供 chart courtesy Martin Armstrong。

原始图表全尺寸链接 origional chart  link

I forecast that real estate in the United States would turn into a buyer’s market in May 2024 going into August 2028 in a reversal from the buyer’s market we’ve experienced since 2020. The 2007 high on the Shiller Index was the precise day of the Economic Confidence Model. So far, all the indicators have confirmed that we should have a recessionary trend into 2028 with this turn in the model on this wave.