“I think it’s pretty clear to most people at this point that the housing market is finally undergoing a significant, fundamental reversal in activity,” Hedgeye Macro & Housing analyst Josh Steiner says in this clip from The Macro Show.
Steiner reviews the rising number of homes for sale that are lowering asking prices as well as the rising number of FHA loans that are now in default – two key indicators of a much different housing landscape than even a few months.
Watch the clip for more.
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