Using Technical Analysis to time Real Estate Market?

[Aaron R.]

Was just throwing ideas around in my head and was wondering has anyone ever used or thought about using technical analysis to time the real estate market? Could you tweak something like MACD or the myriad of other metrices to time the real estate market? Is this something that would even work in the real estate market considering the non liquidity of the market? Example could you take data from census like housing starts and building permits, existing home sales, sales tax movements, housing market index, ect. and map it out like stock charts do, then use something similar to technical analysis as a predictor? Anyone use portfolio theory or value at risk? This is all just theory, but was curious what others think, and please don't hesitate to say it's a dumb idea, I'm really curious to see the consensus. 

Thanks