Yesterday morning I published a post about how my house had lost a million dollars in value recently (and bemoaned how equities can’t seem to ape the same weakness). Once again, Slope scoops the mainstream media, as this was on this morning’s front page of the newspaper:
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
I find this amusing in a gallows humor kind of way, but I took a glance at Zillow and found that my house is down a million bucks from its peak.(more…)
Last year, it looked like interest rates were going to start a sensational bull market of their own. It’s quite clear they’ve utterly sputtered. Just look at what’s happened with interest rates: a nice bullish base, and then, zilch.(more…)
It’s been a while since I’ve written a Crazy Palo Alto Real Estate post. However, I just saw an ad in our little local paper that compelled me to take keyboard in hand and offer you the latest tidbit from my fair city.
I present to you the following house: it’s a pleasant place, about 3,000 square feet and on a 2/3rds of an acre lot. In many parts of the country, that’s a postage stamp, but in Palo Alto, it’s “park-like.” Take a moment to drink in this property. As I say, pleasant enough, but not exactly spectacular.(more…)
Up 0.25. Down 0.25 Unchanged. Yeah, not exactly a riveting day on the ES, is it?
Anyway, here are three interesting ETFs for the one or two bears left who think that homebuilders may be ready to take a U-Turn.(more…)
One ETF which shows the unwavering power of the recent up-move is the triple-bullish-on-real-estate symbol DRN, shown below. The “lower highs” remain intact, although it’s getting dangerously closely.
Note from Tim: I realize today’s an all-green day, but I wanted to share this post from SB in any event, since the big picture hasn’t changed.
Further to my post of December 17, the percentage of S&P Real Estate stocks above their 200-day moving average has dropped below 50% to 37.5% (as of Friday’s close), as shown on the following graphic. At 50% on that date, it was the “last man standing,” apart from Utilities.(more…)