Housing market update: 1. 20% of listings reduced price in l...
Housing market update:
1. 20% of listings reduced price in last month
2. Mortgage demand lowest since 2001
3. Interest rates doubled
4. Refinance demand down 75% YoY
5. Inventory up 10% since March
Volatility is already bad…
What happens when the housing market collapses?
$NVR Inc (NVR.US)$ $Lazard Global Total Return & Inc Fd Inc (LGI.US)$ $Home Depot (HD.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Apple (AAPL.US)$ $AMC Entertainment (AMC.US)$
1. 20% of listings reduced price in last month
2. Mortgage demand lowest since 2001
3. Interest rates doubled
4. Refinance demand down 75% YoY
5. Inventory up 10% since March
Volatility is already bad…
What happens when the housing market collapses?
$NVR Inc (NVR.US)$ $Lazard Global Total Return & Inc Fd Inc (LGI.US)$ $Home Depot (HD.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Apple (AAPL.US)$ $AMC Entertainment (AMC.US)$
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Biff : Crash coming
Expendabiggles : you get what you vote for, wonder if the people are missing old orange cheeto man now??? Wonder if getting rid of his mean tweets were worth a 500 tank of gas and baby formula.
Biff Expendabiggles : Yep. Buyers remorse. Those that voted for him are going. What the???
BAG FINDER GENERAL Expendabiggles : I got abuse yesterday for bringing up the orange bloke yet people are seemingly happy with a senile old fart machine in charge.
OSU4Life : because he's not in charge, he's a paid puppet....besides no body really voted for the dipshit anyways, let's be real bout it
Violets : yeah and I don't understand the pumps. I understand the volatility but I don't understand why they don't allow it to fluctuate normally
Musky : Same thing happening in China. And Fed still expects soft landing.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Musky Expendabiggles : No matter who from which party voted in. It’s the same. 9 trillion pumped into the economy. The future gotta pay it back. Or keep kicking the can down the road. Biden or Trump. Both are bad.
Expendabiggles : Nope: Trump did good. Democrats to busy crying and hating to appreciate all the hard work on taxes, oil, border security, etc to see anything but rage. But they seeing it now tho. Hope democrat supporters thought there vote for a for bought ccp crook like biden was worth it. Maybe when the bidenflation hits another record and you spend more than your entire check a fuk’n tank of gas you change your tune OR do as your stupid ass out of touch democrat leaders suggest and “just go buy an electric car”. Which is like telling a homeless person to just go buy a house.
Biff Expendabiggles : Exactly
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