Lots of Stats below but worth the read.

• 136M total households in the US
• 91M homes owned (67% homeownership rate)
• 56.5M homes currently have a mortgage (62%)
• 34.5M owned free and clear (38%)
• 45M homes Rented (33%) – this one surprised me.

Average Homeowners with a mortgage have $311,000 in equity. And only 9900,000 homes with negative equity or 1.8% (this is a very low number).

Appreciation forecasts from 150 top economist in the US.

• 2025 Average 3.78% ($18,900)
• Next 5 years Average 27.16% (135,000)

Housing continues to provide a meaningful wealth creation opportunity.

Tomorrow, the most important data point this week is the October Consumer Price Index (CPI). Estimates say flat or minimal inflation gains. This could affect rates.