Pantheon Macroeconomics

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9th Jun 2022 00:20U.S., Daily Monitor

The plunge in mortgage demand points to such a rapid drop in home sales that prices could easily fall...

...The risk is that homebuilders cut prices, forcing private sellers to follow suit.

Seasonals point to higher jobless claims today, but the increase in the underlying trend is modest.

easter home sales homebuilders jobless claims July June labor May mortgage mortgage applications mortgage demand mortgage rates new home sales weekly jobless claims

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Keywords for: Will Home Sales Fall so Fast that Prices Drop too

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