Milk Road Macro, Released on 6/9/26

Is the U.S. housing market much weaker than the official data suggests? Melody Wright joined Milk Road Macro after driving 3,000+ miles across 13 states to find out what’s actually happening on the ground. Her conclusion: the housing crisis has already begun. Most investors just can’t see it yet. She argues housing inventory is being undercounted, foreclosure risks are rising, and the data everyone relies on is missing the real story. The spreadsheet says one thing. The streets say something completely different.

Melody Wright is an analyst in real estate, macro, and technology. She began her mortgage career at GMAC ResCap (RFC) in 2006 and helped manage the historic ResCap bankruptcy. After leaving ResCap and before joining the FInTech revolution, she focused on operational effectiveness at multiple large, nonbank servicers. A BFSI industry veteran, Melody currently focuses on mortgage FinTech and macroeconomics, working hand-in-hand with clients to design and implement integrative solutions in mortgage origination and servicing that will be successful amidst the ever-evolving economic landscape. She publishes the M3_Melody Substack.

  economy, housing crisis, housing market, investing, Melody Wright, real estate