10 Charts That Suggest U.S. House Prices Will Be Under Pressure Soon

🇺🇸 #Housing | A median American household needed 38.6% of its income to cover payments on a median-price home in March – Atlanta Fed
*HT @charliebilello
*Link: https://t.co/lWckGoMJE3 pic.twitter.com/hUBamLYaVo

— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022

Black Knight Mortgage Monitor: "Housing costs to current income levels within a whisper of all time high in 2006" https://t.co/5A1CYkt4Nk pic.twitter.com/06mT3wXXvL

— Bill McBride (@calculatedrisk) June 6, 2022

This has been the fastest decline in US housing affordability in decades.

Source: @axios pic.twitter.com/iPyoJRMqMG

— (((The Daily Shot))) (@SoberLook) June 9, 2022

The median monthly payment of a 30-year mortgage is up 56% year-over-year pic.twitter.com/75gdMxcGrp

— Mike Zaccardi, CFA, CMT (@MikeZaccardi) June 9, 2022

"Mortgage payments have soared this year. The increase in the backlog from 6.9 months to 9.0 months was a two standard-deviation move. There has never been an inventory backlog of nine months or more without a recession near or underway." https://t.co/A3tR1HUglX pic.twitter.com/iZJWXv0pp0

— Paul de Jong 🌐 (@pauldejong_) June 4, 2022

Mortgage activity continues to drop, declining another 6% last week. Home price data should react in kind, but with a lag. Housing market cooling is a key ingredient for inflation cooling. pic.twitter.com/BlhJR9icAq

— Liz Young (@LizYoungStrat) June 8, 2022

Realtor .com Reports Weekly Inventory Up 13% Year-over-year https://t.co/NBbY5CtRN4 pic.twitter.com/YH4b7nTeJ7

— Bill McBride (@calculatedrisk) June 10, 2022

Price reductions! That's the story of the US real estate market now.

While still fewer than normal, more sellers are cutting prices every day. We talk about what it means in this week's @AltosResearch market video.

Up to 24.1% of the market with price cuts.

📽️🧵👇
1/7 pic.twitter.com/RlOBAhNLUj

— Mike Simonsen 🐉 (@mikesimonsen) June 6, 2022

🇺🇸 #Housing | Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic – Redfin
*Link: https://t.co/baX8EXHh6v pic.twitter.com/SskJFuap2R

— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022

In May, our homebuilder buyer traffic rating hit lows we haven't seen in a while. Good leading indicator for new home sales. pic.twitter.com/Ejf14h6M55

— Rick Palacios Jr. (@RickPalaciosJr) June 11, 2022