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The Nazz May Help in Forecasting Housing

By Jim Cramer

 About this article:
 Are the California and Nevada and Florida and Arizona and Michigan and Indiana and Ohio housing markets the Nasdaq, and is the rest of the country the S&P 500 in 2000? That's what it feels like. The "all real estate is local" nonsense that we endlessly hear from the real estate people is like saying that all stocks are local. Actually, real estate and stocks are regional in nature, and the region that is Nasdaq took a horrible beating in 2000-2002, while the region that was S&P 500 barely got hit. That's how the housing market is shaking out. It seems like the housing markets in the terrible states won't settle until you have 50% declines in value at least, while the rest of the country seems poised for no more than 15-20% -- if that. Cramer: Watch the Nasdaq to Predict Housing var config =...

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