The rental market is in turmoil after jobs and people left, and price discovery has set in. Falling rents are a market-based solution to the “Housing Crisis.”
Purchases by buyers from China collapsed by 84% since the peak in 2017.
Bottom falls out at lower end. Fed-enriched high-end buyers doing fine.
Sales edge up, after sagging for months, amid Crazy Spiking Prices.
Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
Amid record surge in luxury house sales.
If these sentiments become reality, it’s going to be a sea change for demand and supply at these crazy prices.
First effect of MBS taper-talk from the Fed: Mortgage rates flat since late April even as long-term Treasury yields dropped.
What we’re looking at: Raging House-Price Inflation.
Price discovery in uncertain times.