As you can see from the Monthly Chart, U.S. Case Shiller Home Price Index could experience an interesting price contraction in short-medium term, could this also be a clear sign of a potential economic contraction, recession? If this happens, we shouldn't be surprised, the Fed is doing everything to fight inflation in the United States... Trade with care! 👍...
Housing prices yet to adjust to reality of high interest rates Housing prices can be sticky and take multi-years to adjust If the interest rates persist for few years, we can see the downward pressure for next few year Just to be clear this is a multi year cycle.
This bodes ill for BTCUSD at a time when housing prices and rent are a national policy priority
Today we are taking a look at the Case Shiller Home Index on a year-over-year chart as well as a price chart and using basic, long-term technicals to identify issues and opportunities. I believe we are heading into a recession over the next few years but we will have to see what crazy government program is created to fight that recession that maybe boosts housing...