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% YoY).
At least UMich buying conditions for housing increased … to 44, well below 100.
There is no home-building bubble.
No way, no how, not a chance. pic.twitter.com/l4hU9QxwRB— Michael Taylor (@Mike_Taylor1972) January 26, 2023
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