As rising mortgage rates push demand for refinancing down by over 40%, the U.S. housing market is entering a critical phase marked by plummeting home prices and declining apartment rents. Investor sentiment has turned sharply negative, reflecting deep economic fears and causing a notable disconnect that suggests a broader market reckoning may be underway. In response, investors are trimming their exposure to housing assets, focusing instead on American equities, evidenced by a 16% stock increase despite housing woes.
