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According to Moody’s Analytics Chief Economist Mark Zandi, the housing market is so weak that Moody’s Analytics is preparing to be a significant drag over general economic growth, according to Moody’s Analysts Mark Zandi.
A number Posts in X A few weeks ago, a few weeks ago, the “red flame” in the housing market and now the outlook worsened.
“Home prices, homebuilding and even home prices and even home prices and even home prices, even in the nearly 7% of the current 7% are declining,” said home prices, “Zandi warned. “But it seems impossible.”
The existing home sales have risen unexpectedly in May, but still marked the slowest pace of sale of any May since 2009, in general, even more evidence that the Spring Sale season is bust.
Meanwhile, the sales of a new family houses, 13.7% in May, and in a family apartment from the previous month in June 4.6%.
“Home sales have already been depressed in Uber, but the sales of home-buyers, which provide price recipients,” said Zandi. “They refuse. This is just too expensive. Many builders delay land purchases from land plots. New home sales, start and completion will fall soon.”
He added that home prices have also been well, but now goes side by side and are preparing to turn down as demand for nearby mortgage rates.
In fact, the last palsy-shiller Home Price The report fell by 0.3% in 20 city index in April, and March was dropped by 0.2%.
And the latest housing market index Home Builders National Association 38% of the builders showed 37% in July, 34% in May and 29% in April.
Prices are increasing to put more low pressure. Home lists climb, even the homeowners with low pandemic mortgage rates, resulting in these features, and they have to buy new homes in higher degrees.
“Given their demographics and work conditions, the locked hosts must move,” Zandi added. “They can work around these needs so long.”
Terms are so tepid that many landlords listed in their features they remove them from the market After you could not find a buyer at the price they offer.
May 35% in May and 47% 47% per year, 47% per year, according to A. Realtor.com report this month.
For Zandi, it all adds to bad news for the total economy The President feels emotions from Donald Trump tariffs.
“Thus, it will be a full-time title to add to the list of growing reasons to worry about the further prospects of this year and after the prospects of the economy,” he said.
Citi Research Analysts gave a similar warning In May, when they pointed to Economist Ed Leamer Who passed in FebruarySaying that residential investment is the best leading indicator of the upcoming decline, he published a popular paper in 2007.
Citi pointed out to increase the effective supply of houses in the market among less permits and weakness for the construction of a single family. Median home prices in existing houses also lowered it monthly.
“Residential investment is the most interest rate sensitive sector in the economy, and now it is very high to ensure that approximately 7% of mortgage rates are expanded.
