The Wells Fargo Housing Market Index (HMI) is a measurement of confidence in the market of real estate insiders. It shows no data of the market, but does provide the confidence and interpretations of the housing market from experts. For the second straight month the HMI has posted a sub 40 rating which hasn’t happened since April and May of 2020, the beginning of the Covid-19 pandemic.
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Source:
https://www.nahb.org/blog
