Scott Sambucci

Deflation Economics and the Dollar

With regard to the housing market exhibiting deflationary characteristics, here are a couple of key markets and weekly data sets charting exactly your points:

1. Phoenix, AZ - tinyurl.com/5h8ero

While the number of properties absorbed each week by the market fluctuates weekly, there is certain no discernible trend over the last year that lower prices are creating higher demand. This market chart overlays absorption and prices:

Additionally, a good chuck of these properties are foreclosures in which case they've left the traditional resale market part should still be considered active supply because the banks are unloading them in the secondary market.

2. Similar trend (or lack thereof) in Sacramento, CA

tinyurl.com/5by9jz

3. And everyone's favorite - Stockton, CA:

tinyurl.com/6j8nsb

For more on these markets:
Phoenix: www.altosresearch.com/...
Sacramento: www.altosresearch.com/...
Stockton: www.altosresearch.com/...