USEHS: Existing home sales 2008 to 2023. Eerilly similar.Hi,
I do not post as often as I'd like to, the market being bearish and not as fun as a bullish one.
Was thinking it would be interesting to compare 2008 to 2023 Existing housing sales.
The chart patterns are very similar, in form and timing. In 2008, crash came very close to the low in existing
Key data points
Last release
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Observation period
Mar 2025
Next release
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Forecast
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Highest
7.25 M PSN on Sep 30, 2005
Lowest
1.37 M PSN on Mar 31, 1970
About United States Existing Home Sales
In the United States, Existing Home Sales occur when the mortgages are closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed. It includes single-family homes, condos and co-ops.
⚫️Existing Home Sales🔵Home prices🔴Top S&P500Not an easy chart but give it a try dear Bitcoin and Crypto Nation
Look at connections of different Tops in financial crisis 2008 and possible hints for near future:
⚫️Top Existing Home Sales
precursor of
🔵Top Home prices
precursor of
🔴Top S&P500
Let me know your thoughts in the comments🤗
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Bitcoin in connection to Home Sales 🚨🚨Update:
Bitcoin in connection to Home Sales
We just saw a channel break dear Crypto Nation - last time seen at Corona sell-off🚨🚨
If Home Sales find the way back into the channel BTC might recover as well
Let me know your thoughts in the comments🤗
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Likes and Follow for updates appreciated🤗
SPX500 and the early indicators🔵🟠🔴look at 2007 & beforeExisting Home Sales🔵as early indicator for Single Family Home Prices🟠as early indicator for S&P500🔴
Comparing the TOPs🔵🟠🔴at financial crisis 2007 the advance warnings began 10 + 15 month before
First TOP🔵seems clear... Second maybe in🟠
Will S&P TOP out months later again dear Crypto Nation?
What
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