A hub for independent voices and signals
The United States is facing worsening conditions in the housing market due to a shortage of affordable housing. However, a new study blamed billionaire investors for playing a key role in driving up the cost of renting and homeownership and …
The Fed rate cut of 50 basis points has actually resulted in a significant rise in Mortgage rates. Current average 30 year mortgage rate is 6.7 %. Home Prices are double from Pre Pandemic levels in many areas. Mortgage interest …
You may be surprised to learn that housing is now “the civil rights issue of our time” according to some activists. The problem with activists like this is how they want the problem solved. They want more government involvement and …
by Belzer_fundamentals So I work as a housing counselor, trying to help first time home buyers purchase homes. This last year I’ve been seeing ridiculously high mortgage payments clients getting approved for. Well above the standard 30% Housing Ratio, 44% …
by Mike Shedlock Housing continues to slowly weaken and completions surge relative to starts and permits. Building Permits Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,428,000. This is 2.9 percent …
by confoundedinterest17 I would like to see Kamala Harris explain why mortgage purchase applications are down -60% under Biden/Harris Presidency. Other than a word salad answer. Or Cottage Cheese. Mortgage applications decreased 17.0 percent from one week earlier, according to data …
Bay area cost of living is F*CKED. Everywhere you turn, rent’s 2k+, god help you if you want a 2br then it’s close to 3k. Meanwhile, the jobs all wanna pay like 18 an hour. People Are Now on Buyers’ …
The U.S. housing market is now tilting in favor of buyers, who are pushing back against the high home prices that sellers are demanding, according to Compass cofounder and CEO Robert Reffkin. He told CNBC on Wednesday that 30% of …
by Mike Shedlock The discrepancy between housing starts and completions is the largest since 1980. Let’s discuss. Data from the Census Department, calculation and chart by Mish The DotCom bust was unrelated to housing. Most recessions impact housing or housing …
Buying starter homes is cheaper than it was last year, and you can thank mortgage rates for that. But while starter home prices themselves are more expensive than a year ago, the income needed to afford them fell when mortgage …
The Federal Reserve delivered its first interest rate cut in more than four years yesterday. It was a declaration of victory over once hot, hot, hot inflation. And mortgage rates responded by fluctuating in kind of a weird way. The …
Millions of illegals being provided by the government with money for housing using your tax dollars is a major part of what’s driving up costs https://t.co/qROyHzeJv6 — Elon Musk (@elonmusk) September 30, 2024 Very few Americans realize that, if Trump …
As of recent reports, more than 227,000 households in Canada are on waiting lists for social or affordable housing. This figure represents about 1.5% of all Canadian households. Many of these households have been waiting for two years or longer. …
It’s the economy not rates that drive housing. No buyers despite lower rates https://t.co/0L1fac8UrK — QE Infinity (@StealthQE4) September 26, 2024 🇺🇸 US consumer confidence present situation 9-month change. In #recession territory! Chart: @MikaelSarwe pic.twitter.com/H54kkPIfbm — Alex Joosten (@joosteninvestor) September …
25.6% of U.S. renters are spending more than half their income on housing, per Axios. — unusual_whales (@unusual_whales) September 23, 2024 Personal Savings Rate Continues Decline The American piggy bank is running on empty. In a troubling sign for household …
Glass ceilings get broken, then wallets get stolen. Only in America? No. Only in Gov. Walz’s Minnesota. But first, let’s pause to celebrate the incredible historic moment of the first Somali refugee to run a public housing agency. Sharmarke Issa …
Multi-family delinquency rate pic.twitter.com/Ygj4URgZVt — Will DeCotiis (@Will_DeCotiis) September 19, 2024 2/ The recent unemployment rate came in at 4.2% Showing signs of a weakening labor market This has begun to spark recessionary concerns pic.twitter.com/Ig9umKI2aH — Bravos Research (@bravosresearch) September …
How do we see this type of inventory increases in one year without major price reductions imminent. We need a correction but this one might be extreme. You can’t double inventory, with low demand, and things not correct significantly. Thoughts …
A Pennsylvania community is up in arms over reports that as many as 1,000 migrants were to be and reportedly still could be housed in a Civil War-era orphanage most recently used as a summer camp facility. The building, located …
If this ain’t the housing market turning around, I don’t know what is The number of homes for sale in the Denver metro area have reached highs not seen since 2013. At the beginning of 2024, the region saw a surge …
The Shelter Consumer Price Index (CPI) has indeed increased by 5.2%, marking the 29th consecutive month of housing inflation above 5%. This is the longest period of elevated housing inflation since the early 1980s. Rising shelter costs continue to be …
Money is pouring into Chinese government bonds. The buying has bid up prices and forced yields down to near record lows. The move has upset the Peoples Bank of China (PBOC), which has expressed considerable concern over what will happen …
LOS ANGELES — The VA must build more than 2,500 units of housing for homeless veterans on its sprawling campus in west Los Angeles, a federal judge ruled Friday. U.S. District Judge David O. Carter also said in his 124-page …
According to the latest housing market data from realtor.com home prices are now falling at the fastest rate in five years. Simultaneously new listings are up 36% year over year. This is great for any would be buyers, but 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, …
by notayesmanseconomics To the casual reader the headline for this piece may be something of a surprise. After all they would reasonably expect that what is usually the largest component of people’s spending to also be a major component of …
And they now have reduced commission laws that passed The National Association of Realtors (NAR) agreed to a settlement in July 2024 to reduce real estate commissions and change how commissions are paid: Reduced commissions: The settlement is expected to …
by pissboner77 Doug Casey’s daily email today contained some interesting and alarming data: “America’s bubblicious economy will soon hit another milestone of sorts—-the $50 trillion mark with respect to the market value of owner-occupied residential real estate. At the present …
via International Man: America’s bubblicious economy will soon hit another milestone of sorts—-the $50 trillion mark with respect to the market value of owner-occupied residential real estate. At the present moment, this figure (purple line) stands at $46 trillion (Q1 …
