SUMMARY: Homebuilder confidence fell below the breakeven point for the first time since the pandemic, 78% of Americans think the housing market is going to crash and are ready to buy when it does, inventory growth has slowed to a crawl, and Allison Schrager at Bloomberg argues that The Fed’s damage to the housing market may last years…
Sources:
- Homebuilder confidence falls under 50
- 78% of Americans think the housing market is going to crash
- Inventory growth slows to a crawl
- ALLISON SCHRAGER: The Fed’s Damage to the Housing Market May Last Years…(Bloomberg)