Home Prices (Inflation Adjusted) Highest In History
Housing topping out? We have not yet seen the evidence to support such a claim.
The builder Cancelation rate is still very low. The historical avg is just shy of 10%
the current rate is around 6.5% With commodities soaring, rates rising, wages
lagging inflation inverted yield curve and mortgage rates going vertical this could
change very abruptly.
The historic rule of thumb has been for every 1% rate rise home prices fall 10%.
We have yet to see this play out. But it is still too early to tell.
The builder Cancelation rate is still very low. The historical avg is just shy of 10%
the current rate is around 6.5% With commodities soaring, rates rising, wages
lagging inflation inverted yield curve and mortgage rates going vertical this could
change very abruptly.
The historic rule of thumb has been for every 1% rate rise home prices fall 10%.
We have yet to see this play out. But it is still too early to tell.
Real Macro Economic Investing
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