πΊπΈ #Housing | A median American household needed 38.6% of its income to cover payments on a median-price home in March – Atlanta Fed
— Christophe Barraudπ’π³ (@C_Barraud) June 10, 2022
*HT @charliebilello
*Link: https://t.co/lWckGoMJE3 pic.twitter.com/hUBamLYaVo
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.
— (((The Daily Shot))) (@SoberLook) June 9, 2022
Source: @axios pic.twitter.com/iPyoJRMqMG
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 π (@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.
— Mike Simonsen π (@mikesimonsen) June 6, 2022
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.
π½οΈπ§΅π
1/7 pic.twitter.com/RlOBAhNLUj
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
*Note: Previous reports can be found here