HousingBubble 2.0
This is what happens when mortgage rates gap up 75 bps in a yr and when house price appreciation more than doubles earnings growth – affordability declines to its worst level for potential homebuyers in a decade. One reason why the homebuilding stocks are down 20% from the highs. pic.twitter.com/5tyHiW9mi7 — David Rosenberg (@EconguyRosie) August … Read more