2/8
Monthly mortgage payments have shot to the moon as interest rates more than doubled. pic.twitter.com/UR1xgMEPKZ
— Jeff Weniger (@JeffWeniger) January 12, 2023
4/8
I’m going to keep showing this until everyone fully understands the situation. The move-up buyer can't move up.
The whole system was built on a 3% mortgage.
People have to double their payment to get one more bathroom. pic.twitter.com/HBlhdPL2mL
— Jeff Weniger (@JeffWeniger) January 12, 2023
6/8
Homebuilder sentiment is awful. pic.twitter.com/jt4hsSt19n
— Jeff Weniger (@JeffWeniger) January 12, 2023
8/8
With affordability lower than it was at the peak of the last housing bubble.
END pic.twitter.com/AJMnRiVC5z
— Jeff Weniger (@JeffWeniger) January 12, 2023
44% year/year drop in @MBAMortgage Purchase Index is largest decline on record pic.twitter.com/65kLBYqGf1
— Liz Ann Sonders (@LizAnnSonders) January 12, 2023