— Win Smart, CFA (@WinfieldSmart) July 19, 2023
The median home price in the U.S. is up ~38% since 2020.
The average interest rate on a 30-year mortgage is up from 2.7% to 7.1% in ~2.5 years.
The average mortgage payment on a 30-year mortgage is now $2,900.
Could you afford to buy your home, today?
Most people couldn't.
— The Kobeissi Letter (@KobeissiLetter) July 18, 2023
Mortgage purchase index -1.3% for last week
This chart is not a housing soft landing. pic.twitter.com/3UqD8PORl0
— Don Johnson (@DonMiami3) July 19, 2023
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