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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Valuepro who wrote (306840)4/11/2022 4:27:57 PM
From: ValueproRead Replies (1) of 306849
 
A few months ago, mortgage rates fell below 3 percent. Now they are over 4 percent a rising. Tomorrow, the CPI figures for the month on March will be released and expectation is that the number will be 8.4 percent over the same time last year. The month before the number was 7.9 percent.

Meanwhile, real estate markets are beginning to stumble, though demand remains high (for now). This is especially so for areas like Phoenix which is still experience growth from people fleeing higher costs of living in places like California and New York/New Jersey. Job growth, too, in the Phoenix area is well beyond other areas of the country, though Florida closely follows.

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