The Housing Market: "Curb Appeal? We Don't Need No Stinking Curb Appeal!"
by Editorial Staff
Updated: June 25, 2021
Here’s that chart Dave mentioned…
This is an excerpt from the May Elliott Wave Financial Forecast.
(Want to read the entire issue, FREE, now? Look below.)
This chart shows the long rise of another real estate interest group, licensed agents. By this measure, the rise of the great American dream can be traced all the way back to the beginning of the last century. … The Elliott Wave Theorist has noted that demand for licenses tends to end with a rush, and that appears to be happening now.
As you can see, some real estate tendencies repeat every cycle. Here’s another one: Did you know that real estate follows the stock market?
Just think back to 2007, 2009 or 2020. Stocks moved first, and real estate followed.
It follows, then, that to know where real estate goes next, you need to know what’s next for stocks.
On that, the Financial Forecast gives you answers right now.
Extreme financial optimism is on display with "stocks, property, cryptocurrencies and digital art." Also consider junk bonds. Here's a chart and commentary.
This year has seen Ethereum, the #2 cryptocurrency, outperform Bitcoin to become mainstream's "top crypto investment with the most upside." Elliott wave analysis saw Ethereum's upside potential, too... but one year ago! Here's how, and here's what we see next.