patrick.net

AmericanKulak says

The housing collapse happens by the end of Q2 2025.

Homeloaners are expecting millions to start bidding on houses and it's not going to happen. Those who are able and willing to buy are saying "Ah... they Fed will cut rates MOAR next year, and what's the hurry with all the inventory piling on?"

We shall see when the 30 year mortgage drops to 5% and if there is enough competition among buyers next March, and how that translate to number of sales and inventory.

Recall the 30 yr mortgage rate was around 3% when prices peaked around 1st half of 2022.

If the rate is 5%, then that means prices should be 20% below the peak price based on the general rule there is a 10% drop in price for every 1% increase in the 30 year mortgage rate.

Granted, household income and wages increased since 2022 by at least about 15%.

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Gold just did a fleeting kiss with $2600, before globohomo finance gave that bitch a good belly punch.

Once again, the fed does the wrong thing and lowers interest rates. This time by .25%

Yet still again, the fed does the wrong thing and lowers interest rates by .25%

Those without assets are globohomo wage slaves: "You will own nothing, eat bugs, and be happy." This Christmas, give the gift to the kids that both feeds and protects - a Remington 1100.

zzyzzx says

Yet still again, the fed does the wrong thing and lowers interest rates by .25%

Yep. Despite core inflation still a problem.

As far as inflation fighting is concerned, the Fed is now officially not much different than the Bank of Zimbabwe.

Start buying gold.