Builder sentiment in the market for single-family homes tumbled in November to the lowest level in 10 years, indicating the housing market is officially in a recession.
CapitalistPig hedge fund manager Jonathan Hoenig discusses housing prices tumbling and high mortgages rates as the Fed considers raising interest rates again.
The National Association of Home Builders/Wells Fargo Housing Market Index, which measures the pulse of the single-family housing market, fell for the eleventh consecutive month to 33, marking the worst stretch for the housing market since the survey launched in 1985.
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