3 Charts to Ease Fears We’re Repeating the Housing Bubble: Morning Brief

Yahoo Finance, Sept. 27, 2022–Sam Ro
Mortgage rates have surged to their highest level since October 2008. Meanwhile, Tuesday’s release of the FHFA House Price Index and S&P CoreLogic Case-Shiller Home Price Indices are likely to confirm that home prices remain near record highs. This dynamic has caused mortgage costs for newly purchased homes to explode, shutting out many prospective buyers and causing the housing market to go cold. These extreme moves undoubtedly have some of us remembering the housing boom and crash of the mid-2000s that was largely responsible for triggering the global financial crisis.