US Pending Home Sales Decline For 13th Straight Month, Down -34.3% YoY As Fed Tightens (UMich Housing Sentiment At 44, Well Below 100)

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The US housing market continues to struggle as The Federal Reserve continues to fight inflation. Today’s pending home sales are another nail in housing casket.

Pending home sales declined -34.4% year-over-year (YoY) as M2 Money growth went negative (-1.3% YoY).

At least UMich buying conditions for housing increased … to 44, well below 100.

Published by confoundedinterest17

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