New Home Prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008

March 28, 2024 1:04 pm by CWR

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New Home Prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008.

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Source Re:Venture Consulting pic.twitter.com/ZCSU0jgxVA

— Wall Street Silver (@WallStreetSilv) March 27, 2024

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So far, the demand signals have only continued to decline

Mortgage apps were down YoY throughout all of 2023 and 2024

Existing home sales have been down YoY (SA) throughout all of 2023 and 2024

Same with pending sales, with one exception (Dec)… 1/2 https://t.co/lMglYE8PNB

— Marcel (@artimidore) March 28, 2024

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