popYOUNG wrote a post · Jul 18, 2023 22:22

Housing Market Update:

1. Homes on market at record low of 1.3M
2. 53% of homes require income of $125K+ to afford
3. Average 30Y mortgage at 7%
4. Mortgage demand lowest since 1995
5. Median rent payment hits $2000/mo
This is the least affordable housing market in history.

$ARMOUR Residential REIT Inc(ARR.US)$ $LTC Properties Inc(LTC.US)$ $Macerich Co(MAC.US)$ $S&P 500 Index(.SPX.US)$ $Dow Jones Industrial Average(.DJI.US)$ $Nasdaq Composite Index(.IXIC.US)$

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popYOUNG

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