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US Pending Home Sales Decline For 13th Straight Month, Down -34.3% YoY As Fed Tightens (UMich Housing Sentiment At 44, Well Below 100)

by IWB
January 28, 2023
in Investing
Reading Time: 2 mins read
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by confoundedinterest17

The US housing market continues to struggle as The Federal Reserve continues to fight inflation. Today’s pending home sales are another nail in housing casket.

Pending home sales declined -34.4% year-over-year (YoY) as M2 Money growth went negative (-1.3% YoY).

At least UMich buying conditions for housing increased … to 44, well below 100.

 

There is no home-building bubble.
No way, no how, not a chance. pic.twitter.com/l4hU9QxwRB

— Michael Taylor (@Mike_Taylor1972) January 26, 2023





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Tags: 13thdeclineFedHomeHousingmonthPendingsalesSentimentstraighttightensUMichYoY
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