A hub for independent voices and signals
1) Austin's housing market is a cautionary tale about what can happen in "boomtowns". Everyone moves in. The prices surge. Builders start pulling too many permits. And then, sooner than you know, the market flips. And inventory gets dumped onto …
Homebuilders Have the Most Inventory Since May 2008, Big Discounts Coming Speculative building, measured by started but unsold housing inventory, is at the highest level since May of 2008. https://t.co/VgkiA2sWJq — Mike "Mish" Shedlock (@MishGEA) May 25, 2024 The echoes …
Suffering badly are consumer sentiment and real estate, two areas entwined because housing prices have tumbled since 2021—including 10% since the start of the year—yet property is where most Chinese put their investments and savings, so the slump is causing …
What he describes is also being seen in other nations too. Canada’s housing bubble is actually far worse right now than America’s was in 2008. All the signs seem to be pointing to the early stages of a worldwide Great …
by Michael This is a very bad time for those that work in the real estate industry. Thanks to the Federal Reserve, mortgage rates are much higher than they were a couple of years ago, and this has deeply frozen America’s …
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 …
Canada is facing a worsening housing affordability crisis as the country experiences an unprecedented surge in population growth. According to Statistics Canada labor force data, the working-age population has increased by a staggering 411,400 people in the first four months …
1) But not only is inventory in Dallas exploding. So are price cuts. With the share of sellers reducing the price surging up to 30% in Apr 2024. That's the 2nd highest price cut share of April going to 2017. …
Fresh out of school after studying chemistry, she joined one of China’s biggest property companies in 2016, as the country’s real estate market was taking off. She worked until 11 p.m. every day and was transferred to a bigger city …
By their estimates if the Fed does this the 10 year yield could go to 6-8%. RIP housing if this were to play out. Borrowing costs would go through the roof. Linkhttps://t.co/Sagaj8UGhD pic.twitter.com/F8Y5a498TO — QE Infinity (@StealthQE4) May 19, 2024 …
A child-care crisis, spurred by a bigger affordability crisis in general, is unfolding on many Americans. The average cost of child care for two children, which the majority of American families have, is greater than the average price of rent …
by ComputerTrashbag Inventory in almost all major areas is extremely high now. Bubble hotspots like Austin, Boise, Phoenix, Asheville, Jacksonville, Las Vegas etc etc haven’t seen much price reduction even though inventory has returned to pre pandemic levels. Inventory is …
US rents have surged 1.5 times faster than household incomes in the past four years, with nationwide rents soaring by around 30% while average salaries only rose by 20%. This trend of rental cost increases outpacing wage growth is evident …
The impressive run that created the biggest housing bubble in all America’s history is officially over, and now something really disturbing is happening in the U.S real estate market. After an impressive boom during the pandemic, which led average home …
Fast food menu prices purportedly outpace inflation since 2014, but skepticism arises due to perceived inaccuracies in CPI data manipulation. Affordability strains are evident, with a significant portion of Americans sacrificing meals, vacations, and medical treatments to meet housing costs. …
Phoenix is experiencing a significant increase in home inventory, with active listings in April 2024 reaching nearly 15,000, a 50% rise compared to the previous year and a staggering 326% increase over two years. This surge in inventory could lead …
Moody’s Analytics latest data unveils a significant shift in the U.S. housing market, with the once-scorching pace of home price growth finally showing signs of tempering. The report highlights a nuanced landscape, with some regions experiencing continued ascent while others …
You’ve heard of Florida Man, but that may be no match for Florida bubble. Consider a new study from Florida Atlantic University and Florida International University researchers in South Florida. They found the average home in the region is nearly …
With plans to await rate cuts and pull money from retirement, 73% of potential home buyers say the goal of owning a home seems unattainable. As nearly 71% of prospective home buyers await rate cuts, 68% say housing costs are …
1) What's interesting is that this inventory surge in Nashville is happening amidst a wave of positive press about how many people are moving to the city. WSJ just ran a piece about Nashville booming. But that doesn't seem to …
Housing inventory up 32% y/y 👍🏻 Higher rate magic 🪄 pic.twitter.com/IX5sgnkv6X — Don Johnson (@DonMiami3) April 29, 2024
https://twitter.com/GayBearRes/status/1784681285287305318 In Seattle and across the country, nonprofits that operate low-income housing face a skyrocketing balance of unpaid rent. In the Seattle area, the total rent debt across all tenants is estimated at $170 million, according to the National Equity …
Housing market shows signs of strain; historic anomaly suggests prices may soon decline in many areas.With housing prices poised for a potential reversal, the market grapples with a historic anomaly set to reshape perceptions. Surging inventory, exemplified by a 51% …
Housing defaults have now reached the highest level in a decade. Multi-family = Apartments This is not looking too good … 🔥🔥🔥 pic.twitter.com/WLmNtorY9I — Wall Street Mav (@WallStreetMav) April 25, 2024 Purchase applications for homes continue to collapse. Exactly as …
by Charles Hugh Smith Those seeking to buy a house as shelter for their household can’t compete with the wealthy seeking assets to snap up and hoard for appreciation. Longtime readers know I’ve been addressing housing issues from the start …
Landlords are being sued for using illegal price-fixing to drive up rents across the country. They allegedly conspired with RealPage, a tech company, to use non-public data to artificially inflate rents. Rents have spiked by 26% since the pandemic. Landlords …
Investor euphoria persists despite recent market drops, raising concerns about the absence of hard lessons since 2009. Glenn Kelman’s insights resonate deeply with real estate professionals, highlighting a housing recession amid a booming economy. As monetary policy falters and debt …
In Ballina, Co Mayo in the west of Ireland plumber Alan Flannery gives an inspiring speech against the housing of migrants in his town. He begins: "I'm a plumber. I'm not a public speaker. I go to work, I do …
The latest data on housing starts reveals a 4.28% year-over-year decline, marking a significant shift in trend and raising questions about the state of the housing market. Housing starts, a key economic indicator, reflect the initiation of construction on new …
