🚨 Price-to-Rent Ratio Signaling Trouble?
The price-to-rent ratio, which compares the cost of owning a residence to renting one, is another housing metric that might speak to what's ahead.
Could the current timeline spell double the trouble?
#recession #housing #housingmarket #homeprice #economy
Lower interest rates would unlikely to help first time home buyers as those with homes will refinance or have large down payments available while cashing out equity. Most people listing their home become homebuyers that will compete for the increased inventory. #homeprice #interestrates #homebuying
Would have loved to include a chart to show the insane #homeprice action but CoreLogic doesn't return calls. http://on.mktw.net/2hkAOGD
