Can We Stop the Housing Market Reset?

Feds Powell said spiking mortgage rates would cause housing reset. The meaning he said was that US housing market would slip into a difficult correction. Look no further than the latest earnings report by KB Home, one of the nation's largest publicly traded homebuilders. It announced its buyer cancellation rate in the fourth quarter, spiked to 68%. That's up from 35% in the third quarter of 22, and up from 13% in the fourth Quarter of 2021.