A hub for independent voices and hard truths
This MUST BE STOPPED New report shows Blackstone buying massive amounts of properties all over the United States and increasing rents 38% “A new report is shedding light — It found that one equity firm increased rent prices at nearly double the market rate.” “Blackstone, a a major player in …
Housing inventory is quickly recovering+39.9% YoY; highest level since June 2020 pic.twitter.com/bsUmipgWBe — Piker Capital (@PikerCapital) August 5, 2024
(Bloomberg) — Chinese authorities have rejected a proposal made by the International Monetary Fund to use central government funds to complete unfinished housing, dealing a blow to hopes for more forceful support to an industry that’s been a major drag on the economy. The IMF called on China to deploy …
by Mike Shedlock Housing affordability continues to soar out of reach of most buyers. Not only are prices at a new record level, mortgage rates remain close to 7.0 percent. Image data from Case-Shiller and the BLS, chart by Mish Chart Notes Case-Shiller measures repeat sales of the same price …
The second graph shows the seasonal pattern for active single-family inventory since 2015. The red line is for 2024. The black line is for 2019. Inventory was up 39.4% compared to the same week in 2023 (last week it was up 39.1%), and down 29.4% compared to the same week …
A lot of people have been lied to in recent years being told that if they buy a house today, they don’t have to worry because in five years from now it will definitely be worth more. Well, tell that to people who listen to that advice in New York …
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 …
by Plastic-Awareness-61 I’ve been noticing a staggering amount of these huge mega apartments going up with 500+ units all around me. For the first time since the 70s, multi unit apartments have been outpacing single houses. But this doesn’t display the actual number of apartments, just buildings that have 2+. …
Is there a housing crash brewing for the rest of 2024 and into 2025. Aren’t the home prices currently the highest that they’ve ever been in the recorded history isn’t the home affordability Factor the lowest it’s been in the last 40 years or so isn’t it a fact that …
1) This Florida housing downturn keeps getting more intense by the day. With a combination of investors, builders, and inflation-burdened homeowners off-loading houses at a historically fast clip. This increase in listings is now corresponding with a slowdown in demand, which is… — Nick Gerli (@nickgerli1) July 22, 2024 3) …
We did not build enough housing in the last 2 decades for this use case We just didn’t. We couldn’t have foreseen it — Amy Nixon (@texasrunnerDFW) July 19, 2024 Yeah, I’ve always said in my interviews, I don’t think they fully envisioned what it would become It started out …
WARNING: Housing defaults have skyrocketed Such a run-up was last seen during the Financial Crisis pic.twitter.com/KcDppiC6Lz — Bravos Research (@bravosresearch) July 19, 2024 Housing Affordability Continues to Erode The latest data on housing affordability paints an increasingly challenging picture for American homebuyers. As of July 2024, the median household would …
The Texas and Florida housing markets are beginning to crash. With inventory levels spiking and Zillow value estimates declining in these markets. 65% of consumers say this is a bad time to buy a home pic.twitter.com/iBxCnJg9ek — Piker Capital (@PikerCapital) July 17, 2024
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 We’re going down! After May’s MoM deflationary impulse (thanks to a plunge in energy costs), June was expected to see a modest 0.1% rise (and we have seen energy prices starting to rise again). Sure enough, headline PPI printed HOT at +0.2% MoM (and May was revised higher), …
Price cuts on the US Housing Market just hit their highest level in six years. With 24.3% of sellers reducing the price of their house in June 2024. That's the highest rate since 2018. A signal that there will be downward pressure on home prices in the 2nd half of …
Altos reports that active single-family inventory was up 1.1% week-over-week. Inventory is now up 32.1% from the February seasonal bottom, and at the highest level since July 2020. This inventory graph is courtesy of Altos Research. As of July 5th, inventory was at 653 thousand (7-day average), compared to 646 thousand the prior …
80% of landlords in a recent ResiClub-Groundfloor Housing Investor Survey expressed concern about future increases in home insurance premiums. Among them, 37% are very concerned. These rising premiums are not limited to coastal states; even homeowners in Indiana and Iowa saw their average home insurance rates rise by 12.2% and 13.5%, respectively, in 2023. The surge is attributed to factors like climate risk and housing and construction inflation, which …
Now the mainstream media is picking up the housing crash story. Redfin is reporting that there were 201,000 homes for sale in Florida in May which was up 40% YOY!🤦♂️ 💥 This is a regional story but we are are entering the end game in the Florida housing market. pic.twitter.com/qjkcxEhaMA …
Active housing inventory in the United States continues to recover. Home Inventory is at a current level of 1.28M. Increased from 1.20M last month and up from 1.08M one year ago. This is a change of 6.67% from May 24 and 18.52% from June 23. pic.twitter.com/7tp47oiYcb — AKM (@akm515) July …
Investors are now selling at a loss in Florida’s Housing Market, with the Zillow Value estimates on some listings collapsing as much as 30%. Indeed, the seasonally-adjusted estimate of new houses for sale at the end of May was 481,000, marking the highest level since January 2008. This surge in inventory …
Florida is facing notable risks in its housing markets. According to a recent report by Parcl Labs, 13 out of the 15 housing markets labeled as “at risk” are located in Florida. Here are some key points: Reasons for Risk: Hurricane Ian: The impact of Hurricane Ian in September 2022 has contributed to additional softening …
Supply is starting to build, which is leading to the cooling in prices. Total active listings are now 35% higher than they were at this time a year ago, according to Realtor.com. To put that in perspective, however, even after the recent growth, inventory is still down more than 30% …
Linkhttps://t.co/oGOfH1g2SQ — QE Infinity (@StealthQE4) June 27, 2024 JUST IN: US renters now must earn over $66,000 a year to afford a typical apartment, the 2nd highest amount ever. Median income needed to afford renting is up 24% since the 2020, according to Redfin. By comparison, a typical US renter …
The affluent U.S. island beloved by the Obamas – and favored in summer by hordes of the rich and famous – is facing a housing shortage that has gotten so severe it is ‘threatening public safety’ for its residents. Staggering seasonal rents – averaging nearly $1,000 a night – are …
Barcelona has taken significant steps to address the impact of short-term rentals on housing affordability. By November 2028, the city plans to revoke the licenses of 10,101 apartments currently approved for short-term rentals, including those listed on platforms like Airbnb and Homeaway. The decision comes in response to soaring housing costs in …
by confoundedinterest17 It begs the question: where are the 10+ million illegal immigrants living who have poured over the border under Binden/Mayorkas? Especially when 5+ units housing starts dropped -51.7% since last year (YoY) in May. And the trend under Biden looks terrible! Despite ugly consumer confidence and soaring mortgage …
BEWARE: Housing defaults have just hit the highest levels since 2011 This is not looking good pic.twitter.com/lFqQMxpVNt — Bravos Research (@bravosresearch) June 19, 2024 Here's a comparison of home prices through 23 & 24 months since cycle peaks. 2006-08 vs 2022-24 on left. On the right is months 25 and …
