Commodity, Currency, Gold, and Equity Market Analysis by Dr. Christian Normann  
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Real Estate Comment Based on Closing Prices, Friday August 10th 2007

  
Nationwide house prices are finally cracking, and already been plummeting for months in places like California, Arizona, Nevada, and Florida.  The homebuilders continue to get crushed this year and just recently had another major breakdown.  They are likely still leading to the downside, with real-estate prices to continue dropping for years before they get back to anything resembling normal levels.  They may also overshoot on the downside for a while like they did on the upside. 

 

 

 

           

 

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