Rocky start to 2025 housing market (youtube.com)
‘It is basically mortgage rates.’ 30-year fixed was over 7% and then did not much, but now has gone down a bit.
Builders are not offering many incentives because they don't do much to influence buyers, because prices are so high.
Inventory is up now, but prices are not going down, which is the opposite of the usual effect of increased inventory.
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‘Fortress North America.’ Treasury Secretary Bessent said it would be nice if Mexico and Canada put the same tariffs on China.
When does the US economy become the incumbent White House's economy? About 6 months, said Bessent.
He said they might be able to go back to a 2% target.
There may be pre-stocking imports in anticipation of tariffs.
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