{"id":64099,"date":"2023-04-29T15:33:04","date_gmt":"2023-04-29T22:33:04","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=64099"},"modified":"2023-05-30T20:58:15","modified_gmt":"2023-05-31T03:58:15","slug":"solid-spring-demand-brings-bullish-reversal-all-time-highs-the-housing-market-review","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2023\/04\/29\/solid-spring-demand-brings-bullish-reversal-all-time-highs-the-housing-market-review\/","title":{"rendered":"Solid Spring Demand Brings A Bullish Reversal and All-Time Highs – The Housing Market Review"},"content":{"rendered":"\n

Housing Market Intro and Summary<\/strong><\/h2>\n\n\n\n

The fresh hope from a peak in mortgage rates<\/a> has expanded into an ever stronger spring selling season for the housing market. Despite double digit year-over-year declines keeping existing home sales and housing starts in recessions, new home sales have almost reversed all their losses since the Fed started hiking interest rates in March, 2022. Recent stabilization in the housing data, including pockets of notable strength in the South and the Northeast, all support this bullish reversal in sales. The housing market has apparently built up a resiliency in the given current macro-economic environment.<\/p>\n\n\n\n

Of course, the market has yet to get tested in an economy-wide recession, but the current performance increases hopes for a mild recession if one arrives later this year. In the meantime, anecdotes of multiple offers on homes in certain markets, on-going scarce inventories of existing homes, and mild price declines all combine to buttress housing market sentiment and support market stability. The resulting strong earnings reports from home builders have sent some shares to or close to all-time highs.<\/p>\n\n\n\n