BAML has just called a peak in home sales, more than 40% of all U.S. corporate bonds have the lowest investment-grade credit rating, the next market event will make January/February look small

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And so It Begins: “Home Sellers Slash Prices, Especially in California”

  • sale had a price drop, according to Redfin, a real estate brokerage.
  • The supply of homes for sale increased annually in August for the first time in more than three years, according to the National Association of Realtors.
  • The average rate on the popular 30-year fixed mortgage loan is up more than a quarter of a percentage point in the past month and is knocking on the door of 5 percent, a level not seen in nearly a decade.

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