House Latitudes! UMich Buying Conditions For Houses Falls To 44 Despite Declining Mortgage Rates (Home Prices UP 33.2% Under Cluelesss Joe And Mortgage Rates UP 151%)

confoundedinterest17 #bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Agency MBS, Bank of England, Bank of Japan, Banking, CMBS, CRE, Credit, Currency, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve December 8, 2023December 8, 2023 1 Minute

We are in the house latitudes. Despite declining mortgage rates, the University of Michigan Consumer Sentiment Index Buying Conditions for Housing fell to 44.

Why are buying conditions for houses so low? Well, mortgage rates, despite coming down recently, are still up 151% under Clueless Joe. And home prices are up 33.2% under Biden. So much for affordable housing for those renting.

Like the great Shoeles Joe Jackson on ChiSox and Cleveland Indian fame, Clueless Joe Biden cheated too. Except that Shoeless Joe was accused of accepting $5,000 to throw the World Series in 1919. Clueless Joe Biden and family are accused of accepting over $24 million from China, Ukraine, etc.

Shoeless Joe Jackson