The number of people preparing to buy a home fell sharply in November, an unsettling new sign that the housing market may be headed for a "double-dip" downturn over the winter.
The increasing chatter of a double-dip, recession or housing, is clearly referenced in nominal or U.S. dollar terms. In real or stable currency terms, there's hardly enough bounce to produce the double-dip.
S&P Homebuilders (HB) to Gold Ratio:
U.S. Median Home Price (MHP) to Gold:
Source: finance.yahoo.com
0 comments:
Post a Comment