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Pending Home Sales Crash As High Rates Bite Back
As it turns out, you can't afford what you can't afford. Imagine that, right?
Pending home sales in the US dropped sharply in December, according to data released Thursday.
The figures suggest that in fact, fatalism about the long odds of lower rates isn't sufficient on its own to boost sales. Put differently, just because you've accepted that financing costs aren't likely to move lower anytime soon, doesn't thereby mean you can pull the trigger on a home. It still depends on -- you know -- yo
It is always easy to figure out what side to place the snark when quoting Yun.
I know. Poor guy. I think he always means well.
I wonder if higher angst and uncertainty, among certain demographics, may have contributed to the decline. Blue households thinking about expat-ing, federal employees looking nervously at DOGE, the mood among some groups is distinctly poor right now.