US housing inventory growth is accelerating: The monthly supply of new single-family homes rose +1.0 month in May, to 10.3 months, the highest since February 2009.
byu/Boo_Randy_Revival inHouseBuyers
US Home Prices Drop For 3rd Straight Month
byu/Boo_Randy_Revival inHouseBuyers
Rising inventory is first sign that high prices and rates are finally breaking seller power.
Three straight months of price drops show cooling but not crash yet.
Buyers gain power but affordability still bad without rate cuts or income growth.
Meanwhile:
U.S. Credit Card Accounts delinquent by 90+ days have jumped to 13.1%, the highest level in 15 years
byu/RobertBartus inEconomyCharts