Mortgage Demand Soft, Housing Demand Still Present
Higher interest rates and inflationary concerns are bringing a mixed bag to the housing market as mortgage apps decline year-over-year.
Higher interest rates and inflationary concerns are bringing a mixed bag to the housing market as mortgage apps decline year-over-year.
Another inflationary warning is imminent as consumer demand drops and high inventory strains warehouse capacity in the US.
ESA Car Keys | Inventory Days for automotive dealers is plateauing at historically low sub-30 levels during 2022, and the outlook is murky.
July 2022 marks the HMI’s (Housing Market Index) largest drop in its history, outside of the post-pandemic shock of April 2020.
Retailers across the board are encountering massive overages in inventory carrying this year, up more than 40% vs 2021 in many cases.
Out-of-pocket medical expenses rose 10% in 2021, a trend forecasted to continue through 2026 as US consumers face more inflationary concerns.
ESA Car Keys | Auto sales continue to lag and new vehicle prices soar as the factory focuses on high-end production in the face of capacity issues.
ESA on EHS | Home prices up 15%, sharp interest rate hikes, huge inflation and scant inventory all make for a stressed housing market.
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