Riders On The Storm! Buying Conditions For Housing Rises To 39, But Remains In The Doldrums (Home Prices UP 35.4% Under Biden, Mortgage Rates UP 148%)

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

We are all riders on the Biden housing storm.

Existing-home sales have finally started to improve on a seasonally adjusted basis after a three-year decline.

Cause? Raging home prices combined with higher than normal mortgage rates. Home prices are up 35.4% under Biden while conforming 30Y mortgage rates are up 148%.

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Published by confoundedinterest17

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