A hub for independent voices and hard truths
by TonyLiberty The housing market is in a difficult state, with low inventory, high mortgage rates, and high prices making it difficult for buyers to afford homes. Despite aggressive interest rate hikes by the Federal Reserve, home prices have remained high. …
by confoundedinterest17 Wasting away again with Bidenomics, code for massive Federal subsidies to green energy donors. And incentives to buy impractical EVs. Imagine in an emergency and your car only goes 200 miles (and then you have to wait for an …
“Over 60,000 realtors have left the industry over the last 6 months, according to data from the National Association of Realtors” “Tens of thousands of real estate agents are giving up on the profession, thinning their pandemic-era ranks as the …
“The most incredible part about housing affordability? How much worse it is outside of the US. In New Zealand, it costs 250% more to buy than rent. In Canada, it costs 230% more to buy than rent. In Australia, it …
1. Adjusting for inflation, home prices are up 118% since 1965, while median household income has increased by just 15%. (2/9) pic.twitter.com/NeogOIDjIu — The Kobeissi Letter (@KobeissiLetter) August 21, 2023 Worrying Sign Not Seen Since the Great Recession: Mortgage Rates …
This week, mortgage rates in the US hit their highest since 2001. We are well above the 2008 highs and rising. After the Fed minutes were released today, rate expectations increased. Bumpy road for homebuyers. Follow us @KobeissiLetter for real …
In a clash of opposing forces, the U.S. housing market finds itself embroiled in a fierce battle. On one side, deteriorated affordability resulting from a spike in mortgage rates from 3% to over 6% in 2022, just after national home …
The California mass exodus is still alive and well. Not only are Americans still leaving California over its out-of-control policies and completely left-wing vision for 2035, but they are ditching the state for Texas. According to a survey from StorageCafe, the exodus is …
Lenders now seeing 60-, 70-, even 90-year mortgages as Canadians struggle with rocketing interest rates Now, in the face of crippling interest rates, some existing homeowners are seeing their amortization period go as high as 90-years as their ‘fixed-payment’ variable-rate …