In this video, we will take a look at the Dow Jones U.S. Real Estate Index ($DJUSRE). This analysis is useful if you are a real estate investor and looking to buy houses in the U.S.
$DJUSRE is following the same cycle and sequences of Dow Jones Index and other global Indices. The Index has ended the cycle from 2009 low and is still in the process of correcting the rally from 2009 low. As far as the Index stays below 2015 peak, the Index can go down another leg towards 250 – 260 area in the next 2 quarters before the Index rallies to all time new high.
This analysis suggests that now is not the time to buy U.S houses, and the good time is to wait for correction to the 2009 cycle to end in the next 2 quarters when the index dips to 250 – 260 area. If you enjoyed this analysis and would like to receive our Elliott wave forecasts for 50 markets in 4 time frames, you can sign up for a Free 14 day Trial of our services.