Riders On The Storm! Buying Conditions For Housing Rises To 39, But Remains In The Doldrums (Home Prices UP 35.4% Under Biden, Mortgage Rates UP 148%)

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by confoundedinterest17

We are all riders on the Biden housing storm.

Existing-home sales have finally started to improve on a seasonally adjusted basis after a three-year decline.

Cause? Raging home prices combined with higher than normal mortgage rates. Home prices are up 35.4% under Biden while conforming 30Y mortgage rates are up 148%.

 

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