Housing Market Reverses Gains as Sentiment Reaches 70-Year Low
This could have profound effects on the housing market, and if you work or invest in real estate, you need to know what's coming next.
Energy shocks, high inflation, new job numbers, the worst consumer sentiment in 70 years…it’s all hitting us in a single week, and the housing market is already reacting. After months of affordability gains, mortgage rates jumped back to 6.4% in response to the oil price spike and, by proxy, high inflation readings. The Fed has already made the bulk of its rate cuts, so is there any room left for interest rates to go down?
Home sales are already slowing, and…
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