Independent thinking for complex markets and current events
This smells like corruption. Why are payments going to personal homes instead of offices? @MikeNellis dodging Congressional inquiries? It’s all coming out. Trump was right all along — John (@johnEiid) September 6, 2024 @EliseStefanik is a true Patriot! House Republican Conference Chairwoman Elise Stefanik (R-NY) is pushing for an inquiry into the judge overseeing former …
NEW YORK (PIX11) — Federal investigators seized the phones of NYPD Commissioner Edward Caban and other high-ranking department officials as part of a city corruption investigation, according to law enforcement sources. Federal officials took the devices from Caban and two NYPD lieutenants who worked in the commissioner’s office and on his detail, sources said. The …
Homes in 91% of US metro areas were overvalued in the third quarter, Fitch Ratings reported. Home prices are overvalued by 11.1%, an uptick from prior quarters, as wage growth lagged. December notched the highest annual price gain since 2022, S&P Global found. The US housing market is seeing some signs of loosening amid an …
A Toronto walk with Ryan Donais from @tinytinyhomes We walk from the St Lawrence Market over to near Yonge & Front to check out a tiny home prototype that Ryan has built. The aim is to provide a little bit of dignity to the underhoused and get them out of tents and into these small …
Americans overwhelmingly desire all the traditional trappings of the American dream—owning a home, having a family, and looking forward to a comfortable retirement. But very few believe they can easily achieve it. A July Wall Street Journal/NORC poll of 1,502 U.S. adults shows a stark gap between people’s wishes and their expectations. The trend was …
Investor Purchases Surge to 2-Year High Investors bought 1 of every 6 U.S. homes that sold, purchasing $43 billion worth of properties, and 1 of every 4 low-priced homes that sold. SEATTLE – Investor purchases of U.S. homes rose 3.4% year over year in the second quarter – the largest increase since the second quarter …
19 nursing homes in Pennsylvania and West Virginia declared bankruptcy. This includes facilities operated by Guardian Healthcare, which filed for Chapter 11 bankruptcy protection. The company cited the lingering effects of the COVID-19 pandemic, labor shortages, wage inflation, and new staffing regulations as contributing factors. This situation is part of a broader trend affecting senior care facilities …
https://t.co/EQKqdh6AzlPrice Drop! — Future Talk (@FutureTalk_X) July 31, 2024 Morgan Stanley: Only 3% chance GDP will decline in 2025. Trust the science! pic.twitter.com/oMupYTLCqa — Peter Berezin (@PeterBerezinBCA) July 31, 2024 The real estate market is a significant part of the U.S. economy. In 2023, it contributed approximately 18% to the national GDP. This includes residential, commercial, and industrial …
The average new home is getting smaller, but don’t expect a discount. Even though soaring construction costs force builders and architects to employ clever design tactics to maximize space, home prices continue to climb, leaving budget-conscious buyers caught in a squeeze. According to a July report by John Burns Research & Consulting (JBREC), budget-conscious builders …
by Mike Shedlock The homebuilders’ inventory of started but unsold homes is steeply rising as sales drop. It will take price cuts to clear inventory. Data from census department, chart by Mish New Residential Construction Yesterday, the Census Department released the New Residential Construction report for June. New Home Sales: Sales of new single-family houses in June …
1) Meanwhile – builder inventory in Northeast/Midwest is lagging far behind the previous mid-2000s peak. Here's the comparison between regions in homes for sale v 2006. South: +1% higher than 2006 bubbleWest: -18% lowerMidwest: -62% lowerNortheast: -51% lower — Nick Gerli (@nickgerli1) July 25, 2024 3) I get asked a lot by reporters if this …
by Michael What in the world has been happening in Rancho Palos Verdes? When I heard that the land was “moving” there, it immediately got my attention, because I have been warning about geological instability along the California coast for more than a decade. What is taking place has been described as an ongoing “landslide”, but that …
You wonder why homes for prices have not declined? This has been going on for some time and Congress knows about this and came up with a bill….but nothing has happened. — floridanow1 (@floridanow1) July 15, 2024
More and more people are being forced to sell their homes due to the phantom cost of homeownership rising too high unexpectedly. These are usually things like homeowners insurance increases, property tax increases, special assessments, or unexpected repair cost. For a long time these costs were relatively stable, but over the past few years they …
A lot of people think home prices will “go crazy” again when the Fed starts cutting rates This will only be true if they are token cuts and ultimately we remain in a long term tightening cycle If we start making rapid cuts next year and swing back to an easing cycle, nope pic.twitter.com/3ZF9IZSXiF — …
The measure is aimed in part at making good on a promise from the governor and lawmakers to change the state’s HOA laws following a Colorado Sun investigation last year Colorado homeowners associations will have a tougher time foreclosing on their residents for unpaid debt starting in August. House Bill 1337, signed by Gov. Jared …
The housing affordability crisis has made it much harder for American families to transition from renting to buying a home. In fact, at today’s home prices and mortgage rates, owning a home vs. renting can add up to $10,000 in monthly expenses in some metro areas. How so? The majority of rent-vs-buy analyses factor in …
Homes are approaching their most unaffordable point in history pic.twitter.com/8Y1Z3iJgxp — Barchart (@Barchart) July 5, 2024
No incentive to buy homes with mortgage right now byu/koupnugged inREBubble It’s always funny to hear the housing bros talk about how renting costs will always rise so you need to buy a house. Meanwhile here in reality pic.twitter.com/n5jzgE6WQJ — QE Infinity (@StealthQE4) June 23, 2024
Maria Tkachun and her husband shelled out $490,000 for a seventh-floor apartment with a terrace and balcony boasting incredible views of South Florida’s Biscayne Bay in 2022. The couple coughed up an additional $100,000 to renovate their unit in the Cricket Club condominium tower, installing extra-large format Italian porcelain tiles and adding a marble countertop …
Asmall group of Americans who took out cheaper but riskier mortgages several years ago are about to see their monthly payments skyrocket. Since 2019, more than 1.7 million homes have been bought using adjustable rate mortgages (ARMs), which initially offer a lower, more affordable interest rate than their fixed-rate counterparts. But eventually, ARMs reset to …
Roughly one out of every four single family homes in Fort Worth are owned by an investor, company or corporation, according to a city analysis of data from the Tarrant Appraisal District. The city’s report is just an estimate, because data from the appraisal district doesn’t specify if a home is owned by a company …
Steven and Katherine Wolf missed out on the ultra-low mortgage rates of the pandemic. By the time the couple secured solid jobs and could buy a home, borrowing costs more than doubled. Rather than wait, the former renters jumped into home ownership in fall 2022. They also stretched, buying a Bakersfield home that carried an …
Newsom’s promise of 1,200 tiny homes shattered; homeless left abandoned and desperate. Bureaucratic chaos and broken commitments leave those in need without shelter. Irontown Modular’s shock echoes the despair of the homeless, as funds and support vanish. The dream of stable housing crumbles, highlighting the stark reality of unmet promises in California’s homelessness crisis. In …
There’s a common belief that Americans would be in a significantly better financial position if only they could afford to buy a home. But has buying (particularly with a mortgage) and maintaining a home historically been that much cheaper than renting? If so, how much have homeowners saved on average? To answer these questions, Creditnews …
With elevated home prices these days, buying a house can be a significant challenge. But for “Rich Dad Poor Dad” author Robert Kiyosaki, it’s a breeze. During an interview with personal finance YouTuber Sharan Hegde, Kiyosaki revealed a staggering fact about his real estate portfolio. “I own 15,000 houses,” he stated. Hegde asked if Kiyosaki rents …
by TonyLiberty There is $17 trillion of home equity sitting with U.S. homes, and Freddie Mac wants to offer second mortgages to tap into it. Tapping into home equity was a massive part of what fueled the banking crisis in 2008. Here’s what you should know: Homeowners would be able to take out a second …
#BREAKING NEWS CHINA IS CONSIDERING A PROPOSAL TO HAVE LOCAL GOVERNMENTS ACROSS THE COUNTRY BUY MILLIONS OF UNSOLD HOMES Here we go… Read: https://t.co/AkA4BX1Jt7 — Jack Straw (@JackStr42679640) May 15, 2024 China finds itself in a precarious position, caught between a rock and a hard place. To prevent further pressure on the Yuan, authorities have …
The Department of Housing and Urban Development exists to boost affordable housing for Americans, yet under President Biden , HUD is issuing a new “energy-saving” rule that will instead increase the cost of building homes for federally assisted buyers, despite already sky-high prices and a nationwide housing shortage. That HUD enacted this rule to celebrate …
