Is the pendulum starting to swing the other way? It may be... For the last while we’ve been comparing the market to a pendulum - it swung way over to one side when prices were escalating rapidly in ’06 and the first half of ’07. Then it swung way over to the other side when inventory started to drastically rise to an all time high. As time passes it should take smaller swings in each direction and eventually settle down. As you’ll see with the charts below, the pendulum seems to have started its swing in the other direction. Don’t get me wrong, we’re still seeing a drop in prices[...]
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[Source: The Money Blogs]
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