Sunday, December 03, 2006

Real Estate Top?

Chart 1 - Real Estate ETF





Chart 2 - REITs

Chart 3 - Real Estate Short Fund


Not even close, I keep reading everywhere how real estate has topped out. Not until early 2007. My feeling is this top out will be what also leads the stock markets lower.

More on that in another post to follow. Let these three charts determine the real estate top, not the unlimited news feed from every source on the globe. My wife is selling a 35 unit condo project within walking distance to the sea in a market in Europe. Sales are brisk.

Will update on this going forward quarter to quarter.

West



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