{"id":66601,"date":"2023-12-05T01:59:48","date_gmt":"2023-12-05T09:59:48","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=66601"},"modified":"2023-12-05T02:02:16","modified_gmt":"2023-12-05T10:02:16","slug":"all-time-highs-race-ahead-of-data-housing-market-review","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2023\/12\/05\/all-time-highs-race-ahead-of-data-housing-market-review\/","title":{"rendered":"All-Time Highs Race Ahead of the Data – Housing Market Review"},"content":{"rendered":"\n

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

The October housing data showed some further softening, including a revision of the new home sales data that erased a breakout. Yet, November was a blockbuster month for launching the seasonal strength in the stocks of home builders<\/a>. Many of these stocks hit all-time highs in a race ahead of the current housing market data. Financial markets maintained excitement over the prospects of lower mortgage rates driven by a presumed end to the Federal Reserve’s rate hike cycle. Thus, the forward-looking prospects look much better than the backward view. For instance, a recent Bank of America survey<\/a> revealed a significant shift in buyer behavior: now, only 62% of potential home buyers are willing to wait for lower mortgage rates, a decrease from 85% just six months ago. In classic form, the seasonal strength in the stock market is driven by enthusiasm for what could lie ahead for the Spring selling season.<\/p>\n\n\n\n