Everything is on ice. But when forbearance ends, forced sellers or lenders will put millions of these homes on the market.
Now they’re wondering why.
The Fed smiles upon rising long-term Treasury yields as sign of economic growth and rising inflation expectations.
With actual house price inflation based on market data, overall CPI would have jumped by 3.7%. Lifting the cover on the deception to keep CPI low.
They’re not the same consumers.
The market is working on a solution to the “Housing Crisis” and “Exodus.”
Massive Pandemic Shifts that triggered plunging rents in the most expensive cities and surging rents in cheaper cities still on display.
Actual rent collection data from over 11 million apartments and 80,000 single-family rental houses, compared to a year ago.
“There is no justification” for continuing the purchases of mortgage-backed securities. The Fed is “misdiagnosing its impact on the housing market.” Pressure rises on the Fed to back off, in face of market craziness.
High costs, working from anywhere, and sudden dislike for towers trigger large-scale shifts in the housing market. Tulsa is paying people with full-time work-from-anywhere jobs to move there.