The Housing Market Just Sent A MAJOR WARNING...

New home sales just shocked Wall Street.Today the Census Bureau releases May new home sales -- and the trend heading into that number is already down 11.3% year-over-year. But nobody is connecting that data to Bank of America's call for three Fed rate hikes by December -- which could push 30-year mortgages back toward 8%. By the end of this video you will understand exactly what three hikes does to the housing math -- and why the largest store of wealth for most American families has not finished repricing.In this episode of Wall Street Truth Bombs, we break down:✅ The housing market's massive miss✅ Why affordability is collapsing✅ The lock-in effect strangling supply✅ What higher mortgage rates mean for buyers✅ The two scenarios investors should watch nextHousing may not be healing. It may simply be running out of buyers.Subscribe: https://www.youtube.com/@wstruthbombs?sub_confirmation=1Substack: https://substack.com/@wstruthbombsX: https://x.com/WSTruthBombsPatreon: https://www.patreon.com/wstruthbombsBlueSky: https://bsky.app/profile/wstruthbombs.bsky.socialTikTok: https://www.tiktok.com/@wstruthbombsTruthbombs videos are for informational and entertainment purposes only. The views expressed by Mark Malek or guests are their own and do not necessarily reflect those of Siebert Financial. These videos do  not constitute investment advice, an offer to sell, or a solicitation to buy any securities. Past performance is not indicative of future results. Listeners and viewers should consult a qualified financial professional before making any investment decisions.#HousingMarket #MortgageRates #FederalReserve #RealEstate #Economy #WallStreet #Investing #InterestRates #truthbombSupport the show