Housing market officially broken šļø
Sellers now outnumber buyers by 62.6% ā the WORST ratio since 2013
That's a 4.6% jump from last month alone
Everyone wants out. Nobody's buying.
This is what happens when:
ā¢ Mortgage rates stay elevated
ā¢ Real wages can't keep up
ā¢ Boomers need to liquidate
Meanwhile liquidity is getting sucked out of everything. Cash is rotating into higher-yielding assets.
If you're wondering why risk-on assets like crypto aren't pumping despite "bullish narratives" ā this is your answer. The real economy is seizing up.
Watch for forced selling to accelerate into Q4. When housing cracks, credit markets follow.
Sellers now outnumber buyers by 62.6% ā the WORST ratio since 2013
That's a 4.6% jump from last month alone
Everyone wants out. Nobody's buying.
This is what happens when:
ā¢ Mortgage rates stay elevated
ā¢ Real wages can't keep up
ā¢ Boomers need to liquidate
Meanwhile liquidity is getting sucked out of everything. Cash is rotating into higher-yielding assets.
If you're wondering why risk-on assets like crypto aren't pumping despite "bullish narratives" ā this is your answer. The real economy is seizing up.
Watch for forced selling to accelerate into Q4. When housing cracks, credit markets follow.