Housing – Mortgage Loan Applications to Purchase a Home in the U.S. Mortgage loan applications to purchase a home in the U.S. are back to pre-pandemic levels. Image: BofA Global Research
Housing – U.S. Existing Home Sales and 30-Year Mortgage Rate This chart shows the correlation between U.S. existing home sales and the 30-year mortgage rate (inverted), and suggests further improvements in sales. Image : Piper Sandler Companies
U.S. Core Inflation vs. Home Prices (Leading Indicator) Home prices suggest that core CPI seems likely to fall further. Image: Scotiabank Economics
Median Age of All U.S. Homebuyers Housing affordability is difficult today. The median age of all U.S. homebuyers hit a record, rising from 31 years in 1981 to 47 years in 2019. Image: Deutsche Bank Global Research
U.S. Home Builder Sentiment – NAHB/Wells Fargo Housing Market Index Lower mortgage rates help the housing market and boost home builder sentiment. Image: Leonard Kiefer
New Home Sales vs. Recessions Typically, a recession occurs when the annual change in New Home Sales declines by about 20%. This chart suggests that a recession from these levels would be surprising. Image: Calculated Risk
U.S. Total Home Sales This year, lower mortgage rates could boost U.S. home sales in the fourth quarter. Image: Leonard Kiefer
U.S. Mortgage Rates and New Home Sales The decline in mortgage rates has given a strong boost to new home sales. Image: Macrobond
Home Prices Lead U.S. Consumption This chart suggests that home prices lead U.S. consumption by 9 months. Image: Nordea, Sebastian Dypbukt Källman
Homeownership Disparity Deepens Since 1994, the gap between blacks and whites has widened, in part because starter-home prices have exploded, year after year. Inequality: you may also like “U.S. Unemployment Rate: Black or African Americans” and “U.S. Net Worth by Wealth Bracket” and “Countries With the Highest Housing Bubble Risks.” Picture Source: Bloomberg