“Almost 70% of home loans in the United States have a 4% or less interest rate.
Millions of people won’t want to give up those mortgages so they can take on a 7% loan.
So if you think there is an impending housing market crash?
You’re wrong.”
Almost 70% of home loans in the United States have a 4% or less interest rate.
Millions of people won’t want to give up those mortgages so they can take on a 7% loan.
So if you think there is an impending housing market crash?
You’re wrong.
— theficouple (@theficouple) July 1, 2023
Some caveats:
– if they lose job, it impacts ability to pay
– if they have emergency fund, this helps
-if they’re dual incomes household, this helps
-if they receive severance this helps
-if they find new job, this helpsBut yes, if none of those things happen & they have no…
— theficouple (@theficouple) July 2, 2023
144,000,000 + total housing units in America
Airbnb has less than 1% of that
For the last 12 months, new listing data has been trending at the lowest levels recorded in U.S. history.
Active listings this last week went negative YoY t.co/9EyP6O3pkV pic.twitter.com/1OL9vyeszS— Logan Mohtashami (@LoganMohtashami) July 2, 2023
Housing bubble 2.0? pic.twitter.com/ogZiO3ylqU
— Jim Bianco (@biancoresearch) July 2, 2023
“Initial claims is an accurate leading indicator for the unemployment rate
And it’s been rising quickly, pointing to a higher unemployment rate”
Initial claims is an accurate leading indicator for the unemployment rate
And it's been rising quickly, pointing to a higher unemployment rate pic.twitter.com/32OQ9G7Khz
— Game of Trades (@GameofTrades_) July 2, 2023