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Looking For Silver Linings for Rates and Housing

When it comes to the mortgage and housing markets, there's been no shortage of gloomy news for months. This generally involves slumping sales, lower prices, and higher rates.  All of the above are interconnected to some extent.  The interconnection can be summed up in a single paragraph: 
 Home prices surged post-covid as demand greatly outpaced supply and low rates increased buying power.  High home prices (and rents) then contributed signifi...
June Sept Federal Reserve Consumer Price Index Then Friday Fed Funds Rate December Fed Funds Rate

Danny's View: Looking For A Pullback

Three stock setups to watch, plus the dollar, bonds, and S&P 500. Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable. Donโ€™t Forget: The Long-term performance of the S&P 500, some longer-term setups, and 5 red flags that showed up before the 2022 bear market. Our View The S&P
Industrial Production Jobless Claims Building Permits Housing Starts Philly Fed Existing Homes

Danny's View: Looking For A Pullback

Three stock setups to watch, plus the dollar, bonds, and S&P 500. Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable. Donโ€™t Forget: The Long-term performance of the S&P 500, some longer-term setups, and 5 red flags that showed up before the 2022 bear market. Our View The S&P
Industrial Production Jobless Claims Building Permits Housing Starts Philly Fed Existing Homes

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Mortgage Rates Rose Sharply This Week

The average mortgage rate headline among major news networks suggests things improved this week. The average headline is wrong . Don't blame the news organization in question.  They're just taking part in the longstanding tradition of covering Freddie Mac's weekly mortgage rate survey.  Freddie did indeed report a small drop in rates versus last week, but there are several caveats . Freddie's survey is released on Thursday morning.&am...
United Kingdom Freddie Mac Existing Home Sales Existing Homes New Residential Construction

New Home Sales Plummet: Big Wake Up Call or a Logical Shift?

The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s.  The ability to ignore higher interest rates is nothing new for home sales.  In fact, sometimes we see almost no reaction in sales numbers when rates rise.   The following chart shows several of the biggest rate spikes of the past decade (and yes, they do look small in comparison to 2022).  While ...
Census Bureau New Home Sales New Home After April Existing Homes

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