According to BatchData's analysis, 89.6% of single-family rentals are owned by landlords who hold between 1 and 5 properties. https://t.co/xhNMW6HNoF via @NewsLambert
3 things
1. The housing affordability picture has improved a bit over the past week
2. Housing affordability is still strained
3. Mortgage rates are getting closer to the threshold that would get some refi activity (which has been in the basement) going
Unemployment rate in America from 1955-2023.
Interesting how the unemployment rate tends to spike right after the Fed cuts rates.
Suggesting that Fed policy easing is usually a negative signal for the economy. Not a positive one.