Independent thinking for complex markets and current events
Authored by Mike Shedlock via mishtalk, Home prices are still too unaffordable. Existing home sales have had no traction since declining to this level in October of 2022. Mortgage rates peaked at 7.62 percent in October 2023 over two years ago. The National Association or Realtors reports Existing-Home Sales Rise 1.7 Percent in February following a 5.9 …
🚨 THIS NUMBER SHOULD NOT EXIST The U.S. housing market just reached the most unaffordable point EVER. Worse than 2008. And almost nobody is paying attention. The median U.S. home now costs $415,000. Five years ago? $270,000. That’s a 54% price increase. Wages over the… pic.twitter.com/Y278wSTc61 — Alex Mason 👁△ (@AlexMasonCrypto) February 23, 2026 It’s …
“Probably not the best sign for home sales.” 👇🏼 https://t.co/w7rVKqK4AU — Kalani o Māui (@MauiBoyMacro) February 2, 2026 New House Prices have dropped below Existing Homes for the first time in history 🚨🤯 pic.twitter.com/PGQ9rQlIvi — Barchart (@Barchart) February 2, 2026 Foreclosure rates have continued their double-digit surge across the country, up 21% from last year. …
There’s a correlation to the size of the homes. On avg they’re also getting smaller. h/t RobertBartus
New House Prices have dropped below Existing Homes for the first time in history 🚨🤯 pic.twitter.com/ewkqqLydAe — Barchart (@Barchart) November 22, 2025 The U.S. Housing Market is about to get hit by a big demographic shift. By 2032, there will be more deaths than births in the U.S. This crossover point will be the continuation …
by confoundedinterest17 September US home sales printed at 4.06 million units. The US still hasn’t recovered from the Covid 19 outbreak of 2020 and the Fed’s response to Covid. On the commercial real estate side, CRE prices remain below Covid 19 outbreak levels.
https://www.youtube.com/watch?v=o8r_YfN0AXo
by confoundedinterest17 Did Jerome Powell and The Federal Reserve push markets too hard? Sales of existing single-family houses, townhouses, condos, and co-ops that closed in January dropped by 4.9% from December, seasonally adjusted, to an annual rate of 4.08 million sales, according to the National Association of Realtors today. This rate of sales was up just 2.0% …
by confoundedinterest17 The last gasp of the Biden/Harris reign of (economic) error! After existing home sales unexpectedly ticked up in October, analysts expected new home sales to slow after their recent resurgence (-1.8% MoM). They were right… BUT… the magnitude is mind-boggling! New Home Sales collapsed 17.3% MoM in October. That is the largest MoM …
by confoundedinterest17 Its a slow down in the housing market. Existing Home Sales were expected to rebound modestly in October (+2.9% MoM) after dropping for 6 of the last 7 months to the lowest levels since 2010, and they did. Sales rose 3.4% MoM (a beat) but thanks to a downward revision for September from -1.0% …
by confoundedinterest17 We are in the jungle. And its a bungle in the economic jungle. Existing home sales disappointed (yet again) in September, declining 1.0% MoM (vs expectations of a 0.5% MoM rise). August’s 2.5% MoM drop was revised up to a 2.0% MoM drop, but still left existing home sales down 3.5% YoY… Source: Bloomberg Total sales …
The extent to which demand for existing homes has collapsed and remains collapsed is astounding, but ultimately not surprising: Demand plunged in 2022 when mortgage rates soared, and plunged a lot further in 2023 as mortgage rates continued to rise to almost 8% by October 2023. But then as mortgage rates dropped starting in November, …
"Sales of existing homes fell 1% month over month and 3.1% year over year in August—to a seasonally adjusted annual rate of 4,042,369. That’s the lowest level in records dating back to 2012, with the exception of May 2020."@Redfin pic.twitter.com/mreQ5WMFjy — Daily Chartbook (@dailychartbook) September 23, 2024 The Zillow Home Value Index for all homes …
by confoundedinterest17 More evidence of how destructive Biden/Harris economic policies have been. The NAR data show existing home sales down 2.5 percent in August to a 3.86 million unit seasonally adjusted annual rate after a small upward revision to 3.96 million units in July. US existing home sales fell in August to near 14-year lows. …
Not only did existing home sales continue to collapse with lower interest rates, they're now collapsing FASTER pic.twitter.com/qSIq8XSrTQ — Darth Powell (@VladTheInflator) August 7, 2024 US Mortgage Rates Tumble to 6.55% in Biggest Drop in Two Years
The Chinese housing market has been experiencing significant challenges, with this decline being a notable indicator of the ongoing issues. BREAKING: Chinese Housing Market Chinese Existing Home Prices declined by 7.9% year-over-year last month, the largest decline in history! pic.twitter.com/IHHSIFNHmF — Win Smart, CFA (@WinfieldSmart) July 15, 2024
by confoundedinterest17 I am no forune teller, but this doesn’t look to good for old Joe (Biden). Existing home sales fell -2.8% YoY in May. US existing home sales fell for the third straight month in May (-0.7% MoM vs -1.0% exp). This left home sales down 2.8% YoY (YoY sales have not increased since July …
Pulled this from this video: https://www.youtube.com/watch?v=JuZRhbUroHA Essentially the existing v. new home market has never been this inverted, and typically it will always revert back to its mean. There’s a million variables at play, but I imagine it would be like a used car costing much more than a new car, it’s just real estate is …
by confoundedinterest17 After (unexpectedly) tumbling in March, existing home sales were expected to rise modestly (+0.8% MoM) in April. Analysts were wrong as March’s data was revised marginally up from -4.3% MoM to -3.7% MoM and April printed -1.9% MoM (a big miss). That left existing home sales down 1.9% YoY… Source: Bloomberg That pushed the …
Property taxes go up due to home value increase. Home insurance goes up to replace said overvalued home + cost of materials due to inflation Double whammy. I’ve had several friends who are starting to get priced out of their own home. Sorry if I’m late to the game on this information but this seems …
by confoundedinterest17 Somehow, today’s Existing Home Sales number don’t soothe me. After the collapse in housing starts and permits in March, it is no surprise that existing home sales disappointed in the same month, dropping 4.3% MoM (-4.1% exp) after surging 9.5% in February. That is the biggest drop since Nov 2022. Sales were down almost 10% from a …
The assumption is the US will grant citizenship to everyone who chose to enter the country without going through legitimate, established, legal channels (in violation of our laws)… and everyone else who feels like it. This is fundamentally flawed and not in our interests. — River over troubled bridges (@JulietRedbird) January 12, 2024
by confoundedinterest17 For November, US existing home sales are down -7.28% since last year. At least that is an improvement over -14.6% YoY in October. Despite homebuilder sentiment ticking up (along with their stock prices) and housing starts soaring – buoyed by a 100bps decline from multi-decade highs in mortgage rates – analysts expected a …
The surge in migrant encounters, reaching a record-setting 12,000 in a single day, highlights the escalating border crisis. Lukeville, AZ, emerges as a focal point, with border crossings doubling at the northern border. The strain on border patrol prompts closures and reduced processing, signaling the need for urgent solutions. Meanwhile, Vivek Ramaswamy asserts that the …
Dutch PM Wilders is a brave man who speaks his mind. This is the war we have in this world right now. He said he would stop immigration into the Netherlands to address the social issues. He never said he was kicking the existing people out. Other politicians should be as… — floridanow1 (@floridanow1) December …
In an unprecedented turn of events, the real estate market is witnessing a significant shift as new home prices are poised to dip below existing home prices for the first time since 2005. This reversal in the traditional pricing dynamic suggests a notable change in the housing landscape. The median price for new homes has …
by confoundedinterest17 Even Biden’s press secretary Karine Jean Pierre admitted that all the slogans and hype about Bidenomics is a losing message. The economy is terrible for the middle class and low-wage workers. But excellent for the 1% donor and political elite class. But housing is very important to the middle class … and housing is …
by confoundedinterest17 Bidenomics strikes … again. No, not his inane ramblings about Hamas being “the other team” or that Hamas has to learn to shoot straight. But his policies freezing effects on the economy. Like housing. Existing-home sales faded in September, according to the National Association of REALTORS®. Among the four major U.S. regions, sales rose …
