Broker Check

A Housing Market In Trouble

America’s housing market screamed upward in 2021, but rising interest rates and a slowing economy are now causing the opposite to happen.

Housing Market in Trouble by chris@kilmerco.com

References

Rising Rates Hurt the Housing Market

  • https://www.theguardian.com/business/2022/feb/10/us-inflation-reached-highest-level-40-years-january
  • https://fred.stlouisfed.org/series/fedfunds

Concerning Signs in the Housing Market

  • https://www.cbsnews.com/news/latest-mortgage-rates-freddie-mac-2023-10-20/
  • https://www.huduser.gov/portal/sites/default/files/pdf/Housing-Market-Indicators-Report-January-2023.pdf
  • https://www.washingtonexaminer.com/policy/economy/mortgage-purchase-applications-lowest-1995
  • https://nypost.com/2023/01/11/wells-fargo-pulls-back-from-housing-mortgage-market/

Concerning Signs in the Housing Market #2

  • https://www.msn.com/en-us/money/realestate/existing-home-sales-fall-for-the-12th-straight-month-in-january-lowest-since-2010/ar-AA17KZ2L
  • https://thehill.com/business/3871283-housing-market-lost-2-3t-in-value-in-second-half-of-2022-study/
  • https://www.nbcdfw.com/news/local/construction-costs-hit-highest-spike-in-50-years/2891677/
  • https://www.realtrends.com/articles/investor-home-purchases-fell-by-nearly-50-in-q4-2022/

Concerning Signs in the Housing Market #3

  • https://www.reuters.com/business/finance/blackstone-limits-redemptions-69-billion-reit-2022-12-01/
  • https://www.reuters.com/markets/blackrock-defers-withdrawals-uk-property-fund-2023-01-04/
  • https://www.corelogic.com/intelligence/higher-mortgage-rates-lead-to-strong-lock-in-effect/
  • https://www.dallasfed.org/research/economics/2023/0228

A Bigger Concern Might be Maturing Commercial Real Estate Debt

  • https://www.msn.com/en-us/money/markets/elon-musk-warns-a-new-financial-crisis-is-knocking-at-the-door/ar-AA198dC4?cvid=c5b5ce1a00ab46ba8ada03970222e4ea&ocid=winp2fptaskbar&ei=14

These referenced sites are provided for informational purposes only and should not be viewed as an endorsement, sponsorship, solicitation or other affiliation with respect to any third parties or their content. United Planners Financial Services has not reviewed the content of, and are not responsible for, the information on any third-party websites.