by confoundedinterest17 The US housing market continues to struggle as The Federal Reserve continues to fight inflation. Today’s pending home sales are another nail in housing casket. Pending home sales declined -34.4% year-over-year (YoY) as M2 Money growth went negative (-1.3% …
by confoundedinterest17 Mortgage interest rates continue their meteoric rise (along with home prices), the result of which is a tanking of consumer confidence in home buying. The University of Michigan survey of consumers about buying conditions for housing remains depressed …
by confoundedinterest17 As inflation worsens, the University of Michigan survey of consumers fell again as US inflation worsens. On the housing front, buying conditions for houses fell to 70 as a result of soaring home prices. MY confidence in Biden and …
by confoundedinterest17 The University of Michigan consumer survey is out for February. And an ugly survey is it! Buying conditions for housing fell to 71 as The Federal Reserve continues it monetary stimulypto! Despite 7.5% inflation, The Fed continues its “Stimulytpo” …
by confoundedinterest17 That Bidenflation is really hurting Americans. Start with the UMich Buying Conditions for Houses. It “rose” to 83. Unfortunately, 100 is the baseline and any number below 100 is bad. The reason? The massive increase in US home prices …
by confoundedinterest17 Just look at this chart of the University of Michigan Buying Conditions For Houses index. It was positive (meaning above 100) until shortly after COVID struck and The Federal Reserve rode to the rescue. National home price growth was …
by confoundedinterest17 While some economists are cheering the post-COVID economic recovery, I am not among them. Rampant inflation and bad economic policies are plaguing the non 1% of the population. For example, new home sales dropped -23.1% YoY in October. As …
by confoundedinterest17 The Federal Reserve continues to JOLT markets with excessive monetary stimulus despite numerous reasons why they should back off. For example, today’s JOLT report (US job openings) revealed that 10.4 million jobs were open in September. This is the …
by confoundedinterest17 Wake up. Time to buy? This is a time even unlike the disastrous housing bubble of the 2000s that led to the financial crisis and Great Recession. Even during the housing bubble years, we still had positive REAL mortgage rates: Bankrate …
by confoundedinterest17 The University of Michigan survey of consumers is out and their buying conditions for housing (good) was a disasters. Only 32% on consumers view buying conditions for a house as good. That means that 68% think buying conditions …
Retail Sales YoY: Huge soar…huge decline👀Bubble is over🧐 pic.twitter.com/o8fnGv9p4Z — Antonio Pérez-Algás (@apanalis) July 16, 2021 UMich missing, inflation expectations soaring – this is a perfect toxic cocktail for the consumer — Alastair (@StockBoardAsset) July 16, 2021 Looking at this …
by confoundedinterest17 The University of Michigan consumer survey was released this morning and revealed that their consumer sentiment index fell to 80.8 (the index was around 100 prior to the Covid outbreak in March 2020). Inflation expectations for the coming 12 …
by confoundedinterest17 The ramp-up in inflation with relatively low mortgage rates has resulted in NEGATIVE real 30-year mortgage rates. Once again, the lowest since 1975. The Federal Reserve chair was Arthur Burns and the President was Gerald Ford. The University of …