Rent Prices Rose for the Third Straight Month According to Apartment List (House Prices UP 33.2% Under Biden, 30Y Mortgage Rates Up 160%)

#bubble, #inflation, Agency MBS, Bank of England, Bank of Japan, Banking, CMBS, CRE, Credit, ECB, Economy, Existing Home Sales, fannie mae, Freddie Mac, Housing, Inflation, New Home Sales, Powell, REITs, Silver, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

In a Socialist economy, housing is owned by The State, not its individual citizens. (Except for political party elites, of course). Fortunately, the United States hasn’t become a full-blown Socialist nation … yet.

But with home prices surging 33.2% under Biden and mortgage rates up 160%, homeownership is getting progressively more difficult and costly.

But renting is no picnic either (except for the flies and rancid potato salad). According to Apartments.com, rent prices rose for the third straight month.

What a mess, courtesy of the Biden Misadministration.

UMich buying conditions for housing has plunged to 26.

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Published by confoundedinterest17

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