Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "Home Price Cut $3,100,000!! | Lennar Getting Wrecked in Texas" video.

  1. The real eye opener is how early we are in the process. About 6 months past peak. Approximate bottom in last downturn was, location dependent, 2011, about 5 years past the peak.
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  2. The 10% figure is correct via the December Case shiller but YOY is highly misleading. That does NOT mean that property is currently on that track. If fact the same CS data shows negative for the 1 month and 3mo periods. That data is more pertinent to today. Wonder what they will say when we reach YOY for June 2023 to June 2022. That is going to shock people
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  3. Actually the Dec CS is for data through October. It is 2 months delayed. The 2022 calendar year data will be revealed in the Feb report.
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