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Written by Glenn Neely
Author of Mastering Elliott Wave, Financial Forecaster & Trading Advisor
Founder of NEoWave Inc.
Take a look at the attached chart. It is created using data from the Federal Reserve and shows medium home prices in the USA from 1980 to persent. The recent price collapse is the largest and fastest in U.S. history!! (See top right of the chart below.)
Under NEoWave theory, that tells us a new, prolonged bear market has begun that should push medium home prices below $275,00, within the next 5-10 years (possibly sooner)!
Sincerely,
Glenn Neely
NEoWave, Inc.
www.NEoWave.com
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