State Of The Housing Market! Lowest Turnover In Decades, New Construction Premium Vanishes, Median Age Of First-Time Homebuyers Is 40

confoundedinterest17 #bubble, #inflation, Agency MBS, Banking, CMBS, CRE, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized February 3, 2026 1 Minute

Home prices exploded under Biden and Covid Federal spending. Making housing unaffordable for millions. Now the turnover rates for homes is at its lowesst rate in decades.

Existing homes are now more expensive than new homes.

Florida housing is getting gut-punched from Naples to Punta Gorda.

Yikes! Median age of first time homebuyers is 40.

Fortunately, Joe Biden is out of office. But Chuck Schumer may make a comeback and restart the insane Covid-era spending. Schumer, the penultimate knucklehead in Congress, approved Ketanji Brown Jackson to sit on the Supreme Court of the USA.