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September 21, 2023 | Update on Key Housing Indicator

Robert Campbell

Robert Campbell is a real estate analyst and economist. He's been publishing The Campbell Real Estate Timing Letter since 2002. His book (Timing the Real Estate Market) presents a clearly defined method for predicting the peaks and valleys of real estate cycles.


          [The above chart was presented in my Sept 2023 Timing Letter, as was the following transcript:]


“Based on the 1-2-3 chart pattern shown in the chart, odds are high that more months’ supply of homes for sale is going to start hitting the market in the months (and maybe years) ahead.”


“If month’s supply breaks above 3.3 months, that would signal that a trend-reversal to the upside has likely occurred.”


JUST IN:  Months’ supply was at 3.3 months in August – same as in July.  Thus, no upside breakout yet.

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