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Wolf Street

Tag Archive for second-time homebuyer

Even “Second-Time Buyers” can’t afford to buy without help from mom & dad.

A hot question for an iffy situation. So here are the holders as of Q3.

Lennar shocked the market by saying it’ll address this situation with further price cuts; its average price to drop by 16% from the peak in 2022.

Since September, the Fed cut by 100 basis points while the 10-year Treasury yield rose by 87 basis points! There are now doubts about further cuts.

QT has only drained ON RRPs so far, but not Reserves, which are still where they’d been when QT started in July 2022. QT has a long way to go.

Inflation is still in services, no progress in 6 months. Another bummer: Durable goods deflation, a contributor to cooling inflation, may be over.