USA Housing Market Breaking Up Trend
Front post image is showing that current housing market is trending down dramatically. With higher interest rates and sellers asking for higher prices on their homes it is now starting to take a toll on the market. The chart shows there were two deeps prior to current one the US market is facing.
The one in 2018/2019 was a temporary rate hike by the FED that quickly lead to retracing its hikes and allowing borrowing costs to stay relatively close to all time lows. Then in 2020 when Covid hit and there was a global shutdown the deep in housing sales were dramatic and swift. However it did not take long for the housing market to recover and sale prices continue to soar.
What is not shown in this chart is that the rate of decline in housing sales have not fell this quickly than in 2020 and 1985. That is almost 40 years ago for the worse of the worse time in housing sales.
Conclusions
Looking ahead USA is not alone in the slow down in housing. Country like China although has yet to raise interest rates it is still facing a housing slowing down.
Imagine if China was to raise interest rates how that would be for their housing market. There are certainly challenges ahead and we need to pay attention on the marco data in order to know where to invest best our capital. Housing markets seems to be in a downtrend.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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Things could get rough or it could level out. It was probably a bit over heated anyway.
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It’s going to get rough. Reason being we ain’t even half a year into this housing slowdown and already facing head winds. This may drag out for many years.
Have a feeling we will see a downtrend for the remainder of this year which might be a great buying opp. I don't expect it to last very long though honestly. One reason I'm in high gear yet again to buy a plot of land :D
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Never hurts to buy land.
I think the housing market was bound to drop back down in prices. When Zillow started trying to instant buy houses, it just spelled trouble in the housing market.
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Yeah they probably called the top.