A hub for independent voices and hard truths
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 was confirmed by the Minneapolis City Council to chair Minneapolis …
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 19, 2024 4/ The Sahm Rule is a recession indicator …
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 on what yall are thinking? Florida is also …
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 in Scotland outside Gettysburg, is owned by a Lakewood, New …
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 of new listings flood the market. There were nearly 11,000 homes …
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 a significant factor in overall inflation, impacting affordability for many …
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 to China’s financial stability when the rally reverses and people, …
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 ruling that leases on portions of the Veterans Administration property …
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 situation will only get better the more buyers hold out …
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 …
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 inflation measures. But the reality is that some measures ignore …
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 reduce real estate… — floridanow1 (@floridanow1) August 30, 2024 The …
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 moment, this figure (purple line) stands at $46 trillion (Q1 …
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 2024), which is nearly 2X its pre-crisis level of $24 trillion in …
2/ The Fed has been on an unprecedented hiking cycle since 2022 Taking rates from near 0% to 5.5% in just 1.5 years pic.twitter.com/3eVzwmSreS — Bravos Research (@bravosresearch) August 27, 2024 4/ High rates negatively impact the housing market Given the high rate sensitivity of that sector — Bravos Research …
https://twitter.com/MichaelAArouet/status/1828291677036896483 Let's all take note, even when the wtiting is on the wall (like back in 2007) Real estate agents and mortgage brokers/bankers are still trying to con you into going all in on housing. I'm arguing simply to watch and wait, these housing goons just want your transactions. https://t.co/YAY99XPBOy …
Despite interest rates coming down, buyers are not returning to the housing market and inventory continues to build across the country. In some parts of the U.S. we are seeing inventory levels jump beyond pre-pandemic levels and nationwide inventory levels are nearly back to pandemic as well. How low interest …
The everything bubble is about to burst. Worst housing crash in history expected, We’re in a more dangerous bubble and the U.S. economy is destroyed.
View post on imgur.com NEW – United States taxpayers pay $451 billion per year for housing and care of illegal migrants.pic.twitter.com/ebzPmY8KFV — Disclose.tv (@disclosetv) November 28, 2023 Republicans are once again lying about the border to bring us to the brink of a shutdown. Here are five of their biggest …
The U.S. is in a massive housing bubble. Prices are artificially high due primarily to the downstream effects of financialization. Localized supply and demand dynamics — which today are also downstream of financialization — are a mess. Decades of housing subsidies, down payment assistance, artificially low interest rates, money printing …
In the San Francisco metropolitan area, the median home price was nearly twice as much as a 20-year rent — $1.2 million compared to $609,000. The Bay Area is one of the most expensive regions in the United States to rent. But it’s even more costly to buy a home …
by confoundedinterest17 Harris has released her “vision” for the US economy, but it is what you would expect. $25k subsidy for first-time homebuyers which will make housing even MORE expensive. According the University of Michigan consumer survey, buying conditions for housing has already plummeted to 21, the lowest in history. …
BREAKING: Lumber prices have declined to their lowest level since the 2020 pandemic, down 80% in 2 years. Lumber is a leading indicator for the US housing market, global economic conditions, and inflation. The rapid drop in lumber prices suggests that the US residential… pic.twitter.com/Ksc6aqczI0 — The Kobeissi Letter (@KobeissiLetter) …
Finally an economist that makes sense! https://t.co/qTtcQvJpCb — QE Infinity (@StealthQE4) August 14, 2024 1) What's very interesting about these inventory trends is that they run counter the common narrative about where people are moving. High level – you would think that the South should have lower inventory due to …
by Odd_Personality_1514 We’re in the middle of trying to sell our home here in southern Miami – Kendall. Just one year ago you couldn’t find a home to buy. Whenever a home went up, it’d sell in days, after bidding wars. Today, there still aren’t that many homes for sale, …
via notayesmanseconomics We can start our look at China and its economy via this morning’s update on what is happening with inflation there. BEIJING, Aug. 9 (Xinhua) — China’s consumer prices gained mild growth in July as the domestic consumer demand continued to expand, official data showed Friday. The consumer …
by confoundedinterest17 The Fed’s theme song: Keep on printing! Look at this chart of the S&P 500 index against M2 Money stock. And this chart of Case-Shiller home prices against M2 Money. Bottom line? The Fed has to keep on printing money. Otherwise, the US economy will collapse like a cheap …
🚩Cutting rates is not what saved housing during the last 3 recessions 🚩 It was cutting rates TO NEW LOWS for mortgages Mortgage rates at 5% aren’t going to be very stimulatory at all in a weakening economy The Fed is in a tough spot on housing pic.twitter.com/gfrAAZ60Xm — Amy …
by MouseManManny For almost a century now the key to having equity growth was housing. It’s how previous generations of Americans got their tickets to the middle class. They bought a house in the 50s-70s and it grew in value into the current year, growing their net worth and their …
