Sellers Have Lost Control of the Housing Market, But What About Rent?

by Mish Shedlock, Mish Talk:

Pending home sales, mortgage application, and asking prices all say the same thing. But it’s rent, not home prices, in the CPI.

Mortgage Applications at 22-Year Low

“The MBA Mortgage Market Index in the United States decreased 6.5% to 288.40 points in the week ended June 3rd 2022. It is the lowest level in 22 years as applications to refinance a home dropped 5.6% and those to purchase a single family home went down 7.1%.”


Homes for Sale Climbing 

Sellers Losing Control

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Read further at SGT Report

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