Rising interest rates are crushing the US housing market: Morning Brief

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Yahoo Finance

Rising interest rates are crushing the US housing market: Morning Brief

Myles Udland · Senior Markets Editor
Tue, July 12, 2022, 6:00 AM

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Tuesday, July 12, 2022

Today's newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn.

Rising interest are crushing the U.S. housing market. ... To which readers will likely respond: "Tell me something I don't know."

But as the Federal Reserve remains resolute in its plans to aggressively raise interest rates in an effort to tamp down inflation, the U.S. housing market remains ground zero for where the most acute impacts are being felt.

In a great Twitter thread on Monday, Rick Palacios, Jr., director of research at John Burns Real Estate Consulting, offered some of the highlights from the firm's most recent survey of homebuilders.

The commentary ranges from concerned to apocalyptic. Things have changed that quickly.

Link to tweet

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