The sharp decline in housing stocks on higher rates is way overdone, top analyst says

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While the higher end of the housing market has softened, the lower end remains strong, Evercore ISI housing analyst Stephen Kim says.

 

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Nada. Rates are still going up. Higher prices make housing unaffordable. Builders not building what the average American can afford. Tax bill reducing the advantages of owning. Nuff said.

The market can stay irrational a lot longer than you can stay solvent.

has analyst looked at new home sales in USA ? its now below where it was during the Bill Clinton presidency and dropping

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