Fed Fireball! Newly Listed Homes Decline -21% YoY In December (Worst Decline In 6 Years) As Fed Tightens Monetary Noose

#bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Banking, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, Gold, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Treasuries, Treasury, Uncategorized, Yellen, Yield Curve 1 Minute

As The Federal Reserves attempts to combat inflation, the withdrawal of monetary stimulus is creating problems in the housing market. For one, as mortgage rates have risen, newly listed homes declined -21% YoY in December.

And yes, the 2022 vintage is the worst in 6 years as The Fed counterattacks inflation. And mortgage rates rose to over 7% before calming down to around 6.50%.

Published by confoundedinterest17

Published