Market Chart Update
Tuesday, March 25th, 2008That’s an updated chart compared to last month’s. Bad news is, the slump is going deeper. This chart measures the relative absorption to a year earlier, which is basically the demand in the market versus the offered units for sale. The updated chart shows that the ratio of closed settlements is even less than last month, when compared to a year earlier. It looks like there’s a lot of indicators showing contradicting markets. Some show that the market is about to bounce back, or at least their analysts hopes. Others show that the market is not bouncing at all, worse, it is going in a deeper hole. We’ll keep watching!
