Three Housing Market Indicators Yell “Trouble Ahead”

The U.S. housing market is in trouble again, and as crazy as it sounds, it won’t surprise me to see home prices decline soon.

Here are three reasons why:

Existing-home sales have been declining since July of last year. The annual rate of existing-home sales in July of 2013 was 5.38 million. In April of this year, this rate fell to 4.65 million. (Source: Federal Reserve Bank of St. Louis web site, last accessed May 22, 2014.)

Mortgage originations in the U.S. housing market have been falling consistently, as illustrated by this chart:

Mortgage Originations, U.S. Housing Market

Quarter

Mortgage

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