U of Michigan Buying Conditions For Housing (Good) Plunges To Lowest Level Since 1982 (Rapid Home Price Growth Spooking Consumers)

by confoundedinterest17

The University of Michigan consumer survey revealed today the Buying Conditions For Housing (Good) plunged to the lowest level since 1982.

Here is a longer view of the data. Overheated home price growth is finally spooking consumers.

“I will now magically make consumer confidence in housing vanish through the miracle of Fed monetary policy!” – Fed Chair Jerome Powell