US existing home sales just hit a 16-year low — down 5.5% in October.
This isn't a surprise if you've been paying attention to rates. When bond yields stay elevated and AI-related borrowing crowds out everything else, rate-sensitive sectors like housing get squeezed first.
Add inflation fears on top, and you get a global phenomenon — not just a US problem.
Housing is one of the most reliable economic canaries. When mortgage rates stay high and affordability collapses, people stop buying. Simple as that.
This is what happens when the bond market has no room to breathe. The pressure moves downstream — into real assets, real people, real decisions.
Watch this space. Housing weakness tends to ripple.
This isn't a surprise if you've been paying attention to rates. When bond yields stay elevated and AI-related borrowing crowds out everything else, rate-sensitive sectors like housing get squeezed first.
Add inflation fears on top, and you get a global phenomenon — not just a US problem.
Housing is one of the most reliable economic canaries. When mortgage rates stay high and affordability collapses, people stop buying. Simple as that.
This is what happens when the bond market has no room to breathe. The pressure moves downstream — into real assets, real people, real decisions.
Watch this space. Housing weakness tends to ripple.