✉news BusinessReal Estate first seen 13 h ago, last 7 min ago, peak #1
Housing indicator hits most negative reading in 14 years
Original: A major housing indicator just flashed its most negative reading in 14 years
A widely watched US housing indicator has registered its most negative reading in 14 years, according to Business Insider. The report suggests housing market sentiment or conditions have deteriorated to levels not seen since around 2011, feeding debate about affordability, high mortgage rates and whether a broader downturn in residential real estate is underway.
Why now: Housing costs and mortgage rates are top-of-mind concerns, and a 14-year negative reading signals significant deterioration in the market.
Business InsiderUS housing market
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Evidence
- A major housing indicator just flashed its most negative reading in 14 years · Business Insider
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