Alarm! US Pending Home Sales In April Decline -11.5% YoY (Down -3.9% MoM (From March)

#bubble, #inflation, #wine, Banking, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, Housing, Inflation, Jobs, LIBOR, Mortgage, Natural Gas, New Home Sales, Oil, Powell, REITs, Treasuries, Treasury, Uncategorized, Wages, Yellen 1 Minute

Alarm!

US pending homes sales in April tanked -11.5% YoY and down -3.9% MoM which was greater than expected.

Not really surprising when you see that REAL home prices are growing at an 11.55% YoY clip while REAL hourly earnings are declining at a -2.8% YoY pace.

Do you feel like I do with Bidenflation crushing my check book and The Fed crushing my hopes for an affordable home.

Published by confoundedinterest17

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