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Mind The Housing Indicators—Same Red Flags As 2006

Summary:
Despite a robust U.S. economy, at least as measured by gross domestic product, real home price growth is locked in a cyclical downturn. If that’s not bad enough, it will likely get worse based on the same approach and factors that correctly flagged the housing bust — in real time — in early 2006. https://www.bloomberg.com/view/articles/2018-10-15/housing-prices-may-have-entered-a-cyclical-downturn

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Despite a robust U.S. economy, at least as measured by gross domestic product, real home price growth is locked in a cyclical downturn. If that’s not bad enough, it will likely get worse based on the same approach and factors that correctly flagged the housing bust — in real time — in early 2006.

https://www.bloomberg.com/view/articles/2018-10-15/housing-prices-may-have-entered-a-cyclical-downturn

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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