A hub for independent voices and signals
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …
Amid rising financial pressures, a recent LendingTree study reveals that over 18 million Americans are living in homes that strain their budgets, highlighting a growing crisis of being house poor in high-cost states like California, Hawaii, and New York. House …
Check out the article about how California has 6 of the 10 counties nationwide with the highest risks of home-price declines. California’s high-risk counties are less-populated regions to the north. Their prices may have been pushed out of economic balance by remote …
The Florida housing market has been experiencing notable shifts. While the overall state-level home prices have been steadily growing, there are specific areas where inventory has surged dramatically. For instance, in ZIP codes like Port Richey, located north of Tampa, listings …
This is the most unaffordable US housing market Home prices, adjusted for inflation, are much higher than even the peak of the pre-Financial Crisis period To put this into perspective: Median home prices had reached $350,000 in 2006 Today, it …
Home foreclosures rose again in May as Americans continue to grapple with the ongoing cost-of-living crisis. That is according to a new report published by real estate data provider ATTOM, which found that there were 32,621 properties in May with …
Top 10 Housing Markets with the highest price cut rate in May 2024. More price cuts mean more seller desperation. And a greater likelihood that prices drop in the future. 1. Tampa – 37% price cut rate 📉2. Austin – …
https://twitter.com/PhilipSoos/status/1799291895174349135 https://twitter.com/PhilipSoos/status/1799611778672050337
The over-7% mortgage rates seem to have become a fixture in the housing market. The average conforming 30-year fixed mortgage rate edged up to 7.07% in the latest week, and has now been above 7% since early April, according to …
8) You can get a sense of this "reversion" by looking at the metros with the biggest inventory growth over the last year. Where are they located…? Texas, Florida, Texas, Texas, Texas, Florida… Lots of supply coming online in these …
The number of NEW single-family houses for sale has surged to 480,000 in April, the highest since the 2008 Financial Crisis. Excluding the 2008-2009 housing crisis this is by far the largest supply of new homes in US history. Here’s …
US housing has become the most expensive in history: The median sale price of houses sold in the US hit another all-time high of $387,600 in May, measured as a 4-week average. Prices increased 4% year-over-year and exceeded the June …
HARRISBURG, Pa. (WTAJ) — The Pennsylvania Senate has introduced a bill that would bar illegal migrants from being eligible for public housing in the Commonwealth. Introduced by Senator Wayne Langerholc (R-Cambria, Centre and Clearfield), the legislation focused on a 2021 HUD requirement …
Remember when they started cutting interest rates in Aug of 2007 and it saved the housing market? Me neither. pic.twitter.com/3zQUGO6BvM — Darth Powell (@VladTheInflator) May 28, 2024
Foreign investment into China dropped for a 4th consecutive month in April. Inbound investements into China are as low as during the onset of the Covid crisis as the country struggle to attract foreign funds. pic.twitter.com/k8Zvr8NPW5 — Global Markets Investor …
by confoundedinterest17 I saw former President Obama criticizing former President Trump for not passing “transformative” changes. That is, Trump didn’t sign any Obama-like transformative changes (like Obamacare). Truimp did try to slow down the damage done by Obama and his …
