Won’t Get Fooled Again? New Homes For Sale Hits 500k (Glut), Existing Homes Inventory At 1.24 Million

#bubble, #inflation, Agency MBS, Banking, CMBS, CRE, Credit, Currency, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, SPX, Stocks, Treasuries, Treasury, Uncategorized, Yellen, Yield Curve 1 Minute

Apparently, we DID get fooled again. In February, there were 500,000 new homes for sale.

While new home inventory hit 500k, existing home inventory rose to 1.24 million homes.

Cause? Home prices are too damn high. Thanks to Powell and The Fed.

Mortgage originations have dwindled under Biden/Harris.

Jerome Powell and the Blackhearts.

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Published by confoundedinterest17

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