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This is the soft landing case. If something breaks, the bottom may fall out of the market, and we may see 2012 or 2014 house prices again.
#housingmarket #USCSHPI
The Case-Shiller index has fallen 7% from its peak in the last 10 months. In the 2000s, it took 5 years for the housing market to hit bottom after the index topped out in 2006 and dropped 35%. A similar drop today would mean retesting the 2006 top with a Fib retracement of 0.618.
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