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Jeffrey Deuitch
Real Estate Mindset
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Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "FED Admits SHARP Home Price Drops Coming" video.
Just had to reference to new Case Schiller 12 month national index. Reports 11.9% or so increase. That's about 5 straight monthly declines. Of course some will confuse this with an appreciating market, but this index is widely referenced without understanding its lag time or true meaning in today's market.. Imagine the shock in a few months when it goes negative and then about next June or so when the YOY references against the May to June 2022 prices. This may really drive hysteria in the masses who don't know how to analyze it correctly. Complete reversal and will indicate very rapid depreciation rate even though the actual rate will not be as rapid. Mainstream media will definitely have some explaining to do.
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