State of the Housing Market 2023: Unpacking the Latest Existing Home Sales Report | Market Takes

Описание: U.S. home sales slowed down in 2022 and the housing market entered a recession. The cooldown in the housing market has been notable, but U.S. inflation readings still show prices for renters and owners are historically high. We’ll unpack the latest U.S. existing home sales report to explain what the data about the real estate market tells us about inflation and recession expectations and what comes next for the market and the economy.

0:00 Welcome
1:14 What the January existing home sales report showed
3:05 How existing home sales prices have changed over the past year
4:09 The home sales data shows investors leaving the housing market
8:54 Why economists say housing is switching from a sellers’ market to a buyers’ market
10:43 The role of the housing market in inflation
12:50 How the decline in the housing market plays into fears of a recession
15:13 The impact of weaker home sales on stocks like Home Depot, Walmart and Target
16:02 The market reaction to the existing home sales report
17:17 What economic reports to watch next

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