Is the US Housing Market Recovering Already?

The US is in the middle of the fastest Fed-driven housing slowdown in history.

Yesterday, Apollo Global Management released a new report titled “US Housing Outlook: Housing recovery has started.”

In it, they share several charts that show leading indicators of a rebound in the housing market.

Highlights from the report:

1/ Home buyers and builders are feeling more optimistic.

2/ Offers have started coming in.

3/ Buyers are shopping.

Other interesting data points:

• Median US home sales price: $442K.
• Investors make up 18% of all home purchases — steadily trending up from ~6% in 2001.
• US housing inventory is still very low.
• Home improvement spending is near all-time highs.