The Housing Market Is Already Flashing RecessionThis chart is showing a transaction market frozen near Great Financial Crisis levels before the labor market has fully broken.Existing home sales are hovering around the 4 million annualized zone. March sales fell 3.6% month over month to 3.98 million, the weakest March since 2009. Inventory has risen, but prices have not cleared enough to fix affordability. The median existing home price was still around $408,800, up 1.4% year over year.Volume is
0:03
The Housing Market Is Already Flashing RecessionThis chart is showing a transaction market frozen near Great Financial Crisis levels before the labor market has fully broken.Existing home sales are hovering around the 4 million annualized zone. March sales fell 3.6% month over month to 3.98 million, the weakest March since 2009. Inventory has risen, but prices have not cleared enough to fix affordability. The median existing home price was still around $408,800, up 1.4% year over year.Volume is
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