Housing market update:
— The Kobeissi Letter (@KobeissiLetter) January 14, 2023
1. Mortgage demand lowest since 1997
2. Housing affordability index below 2008 low
3. New home inventory highest since 2008
4. Home price to income ratio at record high
5. Home sales down 32% in 2022 to record low
The housing market is in a recession.
Showing posts with label The Kobeissi Letter (@KobeissiLetter). Show all posts
Showing posts with label The Kobeissi Letter (@KobeissiLetter). Show all posts
Sunday, January 15, 2023
New home inventory highest since 2008. Home price to income ratio at record high. How is this dilemma resolved?
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