Technical Analysis

US NAHB housing market index 31 vs 34 expected

  • Prior was 33
  • Current sales 36 vs 39
  • Next six months 35 vs 31
  • Prospective buyers 20 vs 20

A 30-year fixed is down to 6.31% from a peak of 7.08%, according to Freddie Mac so that might start to draw in some buyers, though they’ll be longing for the sub-3% rates from 2021 for generations.

In the bigger picture, there’s a bit of a standoff between buyers and sellers with transactions falling dramatically. The longer rates stay higher, the more the pressure ramps up on the sellers.

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