Here’s How Weird Things Are Getting in the Housing Market

Bloomberg, Oct. 10, 2022–Tracy Alloway, Joe Weisenthal
Would-be homebuyers are facing massive sticker shock right now, with measures of affordability worsening at their fastest pace on record. In fact we’re seeing a number of milestones reached in the market, with spreads on mortgages and benchmark interest rates reaching levels unseen in decades, while the volume of new sales is slowing at a faster pace than even during the aftermath of the global financial crisis.
https://www.bloomberg.com/news/articles/2022-10-10/here-s-how-weird-things-are-getting-in-the-housing-market?srnd=premium