Home prices in America's largest 20 cities surged 0.32% MoM in October (far higher than the +0.1% MoM move expected) but for context, this is the weakest annual home price growth since the March through July 2023 period, when the market was absorbing
Tom Bilyeu breaks down how policies, generational incentives, and corporate interests over decades have converged to create the least affordable housing market in generations.
With mortgage rates tumbling, housing market participants have been disappointed by the lack of enthusiasm by homebuyers to apply for mortgages (though there was a decent bounce in refi activity)...