SUMMARY: Homebuilder confidence fell below the breakeven point for the first time since the pandemic, 78% of Americans think the housing market is going to crash and are ready to buy when it does, inventory growth has slowed to a crawl, and Allison Schrager at Bloomberg argues that The Fed’s damage to the housing market may last years...

Sources:

• Homebuilder confidence falls under 50
• 78% of Americans think the housing market is going to crash
• Inventory growth slows to a crawl
• ALLISON SCHRAGER: The Fed’s Damage to the Housing Market May Last Years...(Bloomberg)

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