Here are some very interesting facts about the current housing market in the U.S. gathered by Apollo Academy and its Chief Economist, Torsten Slok. Some are expected but others are quite surprising. Take a look:
Some of these can be explained by the record low mortgage rates locked in by owners back in 2020/21. Others are supported by the combination of low housing inventory, higher salaries, and growing net worths due to a booming stock market over the last two years.
Please comment or send an email if you have any questions.
Joe Baker, CFP®
Baker Asset Management, LLC
joebaker@bakerassetmanagement.com
