The housing PPI looks pretty flat over the last six months. That is one indicator that housing prices will be flat, which means that mortgages will not be going further underwater.
The bad news is that the housing PPI in the last six months has not participated in the moderate inflation seen in the wider economy over the last six months, which suggests that housing prices have not yet participated in that inflation.
The bad news is that the housing PPI in the last six months has not participated in the moderate inflation seen in the wider economy over the last six months, which suggests that housing prices have not yet participated in that inflation.
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So, we have to wait further for inflation effect on housing. Right now inflation is getting bigger trouble then recession.
Gold prices today
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