The “improvement” is entirely seasonal. There has been first quarter improvement in each of the last 6 years – without fail. If there’s one thing we can bet on it is that housing figures will improve in the first (& maybe the second) quarter of this year. One thing we can also bet on: it doesn’t really mean anything in terms of the overall price trend.
Chart courtesy of calculatedriskblog.com
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.