a new market indicator
IRVINE, CA-John Burns Real Estate Consulting Inc. has introduced a new market indicator called the Housing Cycle GPA that Burns has designed to identify the bottom of the current housing cycle. "In our quest to be the first to properly call a bottom in this housing cycle, we have developed a tool called the Housing Cycle GPA," the Irvine-based firm states.
An analysis by Burns has shown that the health of the market fundamentals such as demand, supply and affordability has proven to be a very good one- to two-year leading indicator for home price appreciation and decline. "By monitoring the early signs of recovery or decline in market fundamentals, our clients will be better able to prepare for the future," Burns says.
http://www.globest.com/news/1413_1413/orangecounty/178735-1.html
