I don't see it hitting us just yet, but the mid-terms are coming and the Demonicrats have a heap'n-help'n of horse-pooh on the platter to offer so far.
I was just talking with one of my suppliers, their builders are still building, but are seeing a little, I mean very little, tapering on the consumer side. Maybe apprehension is a better word choice.
What they did point out was that recently the big box stores seem to have excess inventory clogging their isles - meaning the supply is increasing, but demand may be creeping. Dunno
Anyway, we do not seem to be there, but mortgage rates are trending up, though the pricing is still competitive, i.e. going over asking -- so far. As the article points out, this could be a residual effect of the "foreclosure moratorium".
BTW: The included screen shot must be a few days older. The DOW is not up at this point in time.
BREAKING: Foreclosures Up 181% in One Year – Home Sales Down 12.6% vs. Last Year
Another Joe Biden record!
Foreclosures are up 181% in one year. Home sales are down 12.6% year over year.
Inflation Tracker
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Home Sales in March were 763,000 vs. 835,000 in February and down 12.6% vs. the last March number of 873,000. Last month 33,333 properties across the U.S. faced foreclosure, a 181% jump from March 2021. The first quarter saw 78,271 properties with a foreclosure filing.
8:02 PM · Apr 29, 2022
FOX46 reported:Some eight months after a nationwide moratorium on foreclosures expired, foreclosure filings soared to the highest level since the pandemic began.
Last month, 33,333 properties across the U.S. faced foreclosure, a 181 percent jump from March 2021 and 29 percent pop from February, according to a report by foreclosure tracker Attom. The first quarter saw 78,271 properties with a foreclosure filing, a 39 percent from the previous quarter and 132 percent from last year.
Those figures represent the highest number of foreclosures since March 2020 when nearly 47,000 U.S. homes held foreclosure filings, said Rick Sharga, executive vice president of market intelligence for ATTOM.
March marked the 11th consecutive month in which foreclosure activity posted a year-over-year increase.
Not only did foreclosure activity hit a peak, the time it took properties to foreclose ticked down 3 percent from the previous quarter. Properties foreclosed on in the first quarter were in the process for an average of 917 days, down from 941 in the previous period and 930 in the first quarter of 2021
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