THIS IS FINE

The housing market remains frozen w/ pending home sales tanking 6.3% in Apr alone as growing inventory is doing nothing to increase sales; market activity is near a record low and about 29% less than ’01, almost a quarter century ago! pic.twitter.com/grcSD1CJ4v

— E.J. Antoni, Ph.D. (@RealEJAntoni) June 1, 2025

Losses at the Fed now exceed $230 billion – these negative remittances are labeled a “deferred asset” and represents foregone Treasury revenue which must be made up by taxpayers…

…thanks Powell! pic.twitter.com/udNXMkXpLs

— E.J. Antoni, Ph.D. (@RealEJAntoni) May 30, 2025

Unrealized losses at banks have shrunk to $413 billion but FDIC notes “increases in longer-term interest rates since the end of the first quarter would likely reverse most of these improvements in unrealized losses if measured today” – so Q2 will likely be worse: pic.twitter.com/37F4j0yj2L

— E.J. Antoni, Ph.D. (@RealEJAntoni) May 30, 2025

RCH Fed: manufacturing activity declined again in May as shipments, new orders, and employment all fell, though not as sharply as Apr; local business conditions deteriorated while outlook improved but remained negative; price pressures remain elevated: pic.twitter.com/qFEBoaduKF

— E.J. Antoni, Ph.D. (@RealEJAntoni) May 28, 2025

Average new home in Apr sold for $160k more than just 5 years ago – as bad as this is, existing home price increases have been even more brutal, so that a used home now costs more than a new one; the violent changes in interest rates have truly frozen over the housing market: pic.twitter.com/YbqK9GWYii

— E.J. Antoni, Ph.D. (@RealEJAntoni) May 28, 2025

The median price for a new home today is 21.6% more than 5 years ago, and the trebling of mortgage interest rates makes that higher price even more painful; homes are unaffordable for almost anyone who’s not also selling a home at the same time – it’s a two-tier society… pic.twitter.com/pfU8nHGCxg

— E.J. Antoni, Ph.D. (@RealEJAntoni) May 28, 2025