Pricing out a generation of home buyers thesis has been used since 1996 a lot, and home sales rarely go below 4,000,000.
However, even just over 4%, higher rates will cool down the markets just like they did in the past. The same thing happened in 2013/2014 & 2018/2019. Healthy!
The days of saying the Fed needs to aggressively hike rates to create a buying oppurnutiy for stocks from investors who are mostly long is coming to an end. President Trump showed us all the true colors of a lot of conservatives 😉😎 Feel the Market, Baby!
Conservatives saying, look, there is no inflation was hilarious. Why are you hiking? Because Trump was President was classic Fintwit. Just be mindful of this.
Also, don't forget the inflation playbook for this recovery!
#NeverForget
The mother of all gold bugs wanted to join the Fed to cut rates down to zero to help the economy.
If you haven't gotten the memo, this group is a giant fraudulent trolling dollar crash cult group. A few stayed true to their gold bugs ways, and for that, I give ❤️
• • •
Missing some Tweet in this thread? You can try to
force a refresh
No credit speculation, no exotic loan debt structure, no booming mortgage demand, it's not a bubble folks, it's just Americans wanting somewhere to live housingwire.com/articles/this-…
#RealEstateNews#IgnoreAllYearOverYearData
Purchase Application Data up 34% year over year 😏
The Last 4 weeks
+34%
+57%
+57%
+51%
In reality, not much growth is happening, and don't forget this data will mostly be negative year over year in the 2nd half of 2021.
The makeup demand in the 2nd half of 2020 will create negative year-over-year data. Existing home sales finally moderating from that parabolic move last year. Still looking for some prints under 5,840,000, but in general, we should be up from last year's 5,640,000 level.