WARNING: Housing defaults have skyrocketed
Such a run-up was last seen during the Financial Crisis pic.twitter.com/KcDppiC6Lz
— Bravos Research (@bravosresearch) July 19, 2024
Housing Affordability Continues to Erode
The latest data on housing affordability paints an increasingly challenging picture for American homebuyers.
As of July 2024, the median household would need to spend an estimated 36.7% of their income on annual mortgage payments to… pic.twitter.com/nCPZ0ZCWmo
— Reef Insights (@ReefInsights) July 19, 2024
Eroding 'exorbitant privilege'? Strong USD, high prices, slow FDIs, global economic strains & #geopolitics may have contributed to the decline in foreign buyers acquiring US homes. Chinese buyers, once accounting for 16% of the market, made up 11% last year. Pool of buyers 📉? https://t.co/Jw7M39Zlko
— Kong Kong Kubs x 2 (@3benson) July 18, 2024