Oct. 31 at 12:31 AM
$SPY $TOL $DHI $KBH $HD
Oversupply is getting closer.
I still call for peak housing for this cycle in mid to late 2026.
SPY peaks in mid 2026 and rolls over into 2027.
Nothing is changing my stance.
The only way for housing to expand out is;
1. Lower home prices
2. Lower rates
Or both.
I don’t see rates falling below 5.7%
As unemployment continues to increase as we move through 2026, the issues really pile up.
Position yourselves.
18 emergency fund is highly recommended.
Your Robinhood account doesn’t count either. 🤣
https://wolfstreet.com/2025/10/29/home-sales-have-not-improved-at-all-despite-the-lowest-mortgage-rates-in-a-year/