Independent thinking for complex markets and current events
President Donald Trump on Wednesday threw his support behind congressional efforts for a federal takeover of the nation’s capital, saying he approves putting the District of Columbia back under direct federal control. Speaking to reporters aboard Air Force One, Trump complained about crime and homelessness in the district, saying, “I think we should take over …
by Mike Shedlock A Modern Monetary Theory “Superbonus” trial is underway in Italy. The state pays 110 percent of home renovations. In an effort to stimulate the economy during Covid, MMT proponent and then Prime Minister Giuseppe Conte came up with a not so brilliant idea that is now so popular no politician has been …
Home delistings reached a nine-year high in December after the market was inundated with sellers but not enough buyers. An influx of housing inventory has left homeowners pulling their listings off the market at a high rate as there are not enough buyers to keep up with sellers. Home delistings in December spiked 64% from a …
Home prices in the USA have increased from $25,800 in 1971 to $419,200 in 2024. Over this same period of time household income has also increased but at a much slower rate. For this reason when looking at historical home affordability a common ratio is the home price to income ratio. This ratio allows us …
Credit: @RobertKennedyJr @breakfastclubam Source: https://t.co/h4qfq7N7hQ — Wide Awake Media (@wideawake_media) February 10, 2025
Unbelievable! pic.twitter.com/EPnSaQ3jp4 — zurichstylist (@raestylist) February 6, 2025
The Trump administration gave the former highest-ranking woman in the military just three hours to leave her home following her ouster for supporting diversity, equity and inclusion policies. President Donald Trump fired Coast Guard commandant, Admiral Linda L. Fagan, almost immediately after he took office on January 20 – leaving her to discover the news …
PALM COAST, Fla. — A Palm Coast family received a shocking surprise Monday afternoon when a large chunk of ice fell from the sky and crashed through the roof of their home. Palm Coast firefighters said the ice pierced the roof, leaving a gaping hole in the residence. The incident occurred around 3:36 p.m., with …
Families, seniors, and low-income workers—tossed out like yesterday’s trash. A Miami mobile home park, home to thousands, wiped out overnight. Developers swoop in, cash rules, and the working class gets bulldozed—literally. This isn’t just Miami; it’s Florida’s new reality. If your home sits on land someone richer wants, you’re next.
by confoundedinterest17 We are now seeing the aftermath of Biden’s failed, top-down, Soviet-style economic policies (or follicies). And it is grim. Bidenomics is now fully exposed like The Fully Month. Except this is The Full Joe! The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -1.5 …
A major conflict has erupted in eastern Democratic Republic of Congo (DRC), marking one of the deadliest attacks on peacekeepers in recent years. At least 12 peacekeepers, including nine South African and three Malawian soldiers, were killed during clashes with M23 rebels. The rebels, primarily of Tutsi ethnicity, have encircled Goma, a key city with …
With rising interest rates and home prices still high, it’s becoming harder for buyers to make a move, while sellers are facing more competition than ever. It’s a challenging situation for everyone. New Single Family homes for sale explodes to the highest level since the Great Financial Crisis https://t.co/dCmR4LQBQc — Darth Powell (@VladTheInflator) January 27, …
Last year proved challenging for homebuyers, with only 28% of those planning to purchase a home successfully doing so, according to a new survey by NerdWallet. Rising home prices, selected by 18% of respondents, was the most-cited challenge. That’s perhaps not surprising considering prices have surged 33% since 2020, further squeezing buyers already contending with …
LA Rental Hits $40,000 a Month as Fires Roil Housing Market Tenants vulnerable to gouging as disaster hits tight market Vacancies were 5% before blazes burned 12,000 structures
GOOD NEWS ALERT! Man who lost home in the Palisades Fire discovers his dog 'Oreo' is ALIVE after spending 5 nights in the rubblepic.twitter.com/iWr1rXJ41R — Breaking911 (@Breaking911) January 12, 2025 A lot of ppl weren’t home when the evacuation order was put in place in various areas. That had to be the worst feeling in …
View post on imgur.com James Woods has revealed that his Pacific Palisades home is ‘still standing’ after believing that it had been destroyed in the catastrophic L.A. fires that began earlier this week on Tuesday. It comes just two days after the actor, 77, broke down during a CNN interview after being evacuated. He had …
The Pacific Palisades house that 65-year old local resident John Carr lives in is one of just a handful of properties that’s still standing, after the Palisades wildfire ripped through the neighborhood this week, leaving the community virtually unrecognizable.
In a poignant moment of reflection after losing his home of 14 years to the ravaging Los Angeles wildfires, award-winning actor, producer, and director Mel Gibson shared his experience on “Elizabeth Vargas Reports.” Gibson, who was in Austin when the fires broke out, returned to Los Angeles to find his home had been completely obliterated …
Hunter Biden’s $15,800 Malibu rental home has been razed by the Pacific Palisades Fire, DailyMail.com can reveal. Exclusive DailyMail.com photos show what’s left of the ritzy property, formerly a three-bedroom, three-bath 1950s idyll with panoramic views over the Pacific. Earlier today, President Biden told a news conference he wasn’t sure but his son had been …
by confoundedinterest17 We are all riders on the Biden housing storm. Existing-home sales have finally started to improve on a seasonally adjusted basis after a three-year decline. Cause? Raging home prices combined with higher than normal mortgage rates. Home prices are up 35.4% under Biden while conforming 30Y mortgage rates are up 148%.
Update: an armored vehicle is now approaching Jabbad’s home along with heavy police presence. https://t.co/hb8WM5QdZ0 pic.twitter.com/a2WGJ5rG0Z — Merissa Hansen (@merissahansen17) January 1, 2025 FBI Houston and the Harris County Sheriff’s Office are currently conducting law enforcement activity near the intersection of Hugh Road and Crescent Peak Drive in north Houston. We have secured a perimeter …
by confoundedinterest17 US home prices surged to the 17th consecutive all-time high. US home prices in the 20 largest cities rose 0.32% MoM in October (the latest data from S&P CoreLogic Case-Shiller), considerably hotter than the 0.22% rise expected. However, despite the MoM beat, the pace of annual acceleration has declined to its slowest since Sept …
Police are saying that an alleged Christmas Day attempted robbery resulted in three of the potential suspects needing medical attention. The armed children allegedly approached a 25-year-old man and his girlfriend, trying to rob them at gunpoint at a Houston, Texas apartment complex. The suspects looked so young, in fact, that the victim assumed it …
https://www.zillow.com/research/birth-rates-home-values-20165/ There is always a question of causality, but I think we can discern high housing costs does, in fact, lead to reduced fertility: “Children are expensive. The USDA estimates that the cost of raising a child is $233,000 as of 2017. But what may not be immediately obvious is that 1/3rd of this figure is …
SCOTTSBLUFF, Neb. (WOWT) – A major weight was lifted off the shoulders of a Nebraskan this month. His case of injustice went all the way to the U.S. Supreme Court. First Alert 6 Investigates has been following Kevin Fair’s legal trail for years. But just as his case finally came to an end, his health …
We’re noticing this here in SW Fl. Homes are going for less or sitting on the market. New single family construction has dropped a lot. Of course we’d like our home value to stay up but more importantly we’d like our kids to be able to buy a home in the near future. h/t EJK54
Reality setting in for Florida home sellers? pic.twitter.com/ACJQT8kswP — Don Johnson (@DonMiami3) December 22, 2024 Local home prices are falling year-over-year in 7 of the nation's 50 largest metro area housing markets Austin, TX San Antonio, TXTampa, FL New Orleans, LAJacksonville, FLDallas, TXPhoenix, AZ pic.twitter.com/hPIU80gXW1 — ResiClub 🏡📊 (@ResidentialClub) December 22, 2024
What have we learned from the market this Fall? There are 2 paths forward for Real Estate and both are painful: 1. Higher rates, stagnant market, layoffs, prices grind flat or down 2. Lower rates that come when the economy collapses, not because the Fed waves a magic wand — Amy Nixon (@texasrunnerDFW) December 20, …
14 DETAINED IN ARMED AURORA, COLORADO HOME INVASION ARE LIKELY ILLEGAL GANG MEMBERS: POLICE. Police in Aurora, Colorado, say the overnight armed home invasion at a local apartment complex that resulted in 14 suspects being detained was “without question a gang incident.” victimized their own race and their own ethnicity.” Just before 2:30 a.m. on Tuesday, …
