Friday, 23 October 2020

US housing affordability hits 45-year high, and...

US housing blow-off

A few interesting charts from the Twitterati.

US housing market affordability is now at the highest level in nearly half a century.


Mortgage rates continue to fall to record lows. 


And we have blast-off...existing home sales ripped to the highest level since May 2006.


The UK housing market is exhibiting some similar signs, in part thanks to stamp duty holidays.

Australia is the next cab off the rank, as so many vendors have effectively gone on strike this year, which is leading towards a stock shortage, and with a further round of monetary easing imminent.