Rapid recovery in U.S. home prices probably negating mortgage-rate tailwind

posted in: Credit, Economy | 0

Solid improvement in U.S. home prices comes with cost Peak bubble home ownership at 69-percent-plus anomaly not average Price weakness in recent months plus mortgage-rate tailwind unable to seriously ignite sales Leading up to the epic housing bubble in the … Continued

Dynamics behind plummeting U.S. home ownership and rental reliance

posted in: Credit, Economy | 0

Sales of new homes are struggling to maintain their earlier momentum.  The three-month moving average flat-lined for nearly a year before peaking at 448k (SAAR) in January this year.  Those for sale (supply) has been gradually inching up as well … Continued