A hub for independent voices and hard truths
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. Homeownership increasingly becomes a luxury amid re-accelerating inflation and the …
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 to declines in home prices in the second half of …
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 face declines, reflecting the complex interplay of affordability and demand. …
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 35% overvalued relative to its long-term pricing costs, and they’re …
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 causing financial anxiety, according to the latest BMO Real Financial …
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 be backed up by the data anymore… pic.twitter.com/2VFDhpoOg6 — Nick …
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 Atlas, the vast majority of it belonging to low-income households. …
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% growth in Cape Coral, FL, and the looming “Airbnbust,” hint …
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 zero of the "housing analysts" predicted pic.twitter.com/ZW8pMkMGv4 — Darth Powell …
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 of the blog in 2005. Let’s start with the general context …
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 have a secret weapon Rents are soaring. Is a popular …
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 cycles override business cycles, the strain on households becomes palpable, …
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 my job, I go home. I play a bit of …
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 privately owned houses within a given period, offering insights into …
by confoundedinterest17 Come feel the noise! After steady growth in 1-unit housing starts under Trump, housing starts have been eratic under Biden despite the foreign invasion force of millions … of low wage workers. The roller-coaster ride in housing permits, starts, and completions in the last few months is set to …
Youtube short on the Austin TX housing crash. It’s already down from the mid 2022 peak 17%. The crash happens at different speeds in different places. Most will not notice the crash for a couple more years. h/t Mrbumboleh
58% of people surveyed by Fannie Mae think it would be difficult to get a mortgage these days, 4% higher than in February. It is near the record of 60% share of respondents in October. US Housing affordability is near the historic low. pic.twitter.com/V7l3822s3m — Global Markets Investor (@GlobalMktObserv) April …
Americans are poor people with a manipulated home price. They don't have/save shit pic.twitter.com/j8b8IDajcU — Darth Powell (@VladTheInflator) April 7, 2024 Guys this time is totally different! Also this time: pic.twitter.com/65cBdcJZDn — Darth Powell (@VladTheInflator) April 7, 2024 How many people have held onto their house because they were told …
“Nonprofit in Democrat Detroit: Director For Home Ownership Programs For Detroit Arrested For Stealing 30 Homes “Prosecutors say instead of keeping people in their homes, Zena Thomas worked to steal them right out from under the owners.” “This scheme targeted some of our most financially vulnerable citizens and was perpetrated …
When the end of World War Two brought on a housing crunch decades ago, Canada created a catalogue of homes that could be constructed quickly. It worked. Now, faced with a housing crisis again, we’re bringing that post-war catalogue back – with a new set of modern blueprints. When the …
JUST IN: Home owners in the UK have been told that "compulsory selling of home" will be enforced to house illegal migrants … Elderly people are being told their houses are too big for them and they need to sell. This must be a joke. 🚨🚨🚨 pic.twitter.com/nswNL2yzKl — Wall Street …
In the realm of economic indicators, recent trends in the US retail sector are sending warning signals. Real retail sales have declined by 1.6% year over year, a concerning downturn that historically precedes a recession. Moreover, the stagnation in retail sales is mirrored by a surge in unsold new-build inventory, …
via Mike Shedlock Progressive nonsense is incessant. My hoot of the day is AOC and Bernie Sanders have teamed up for a new green housing deal. I explain where we are and what’s on deck. Common Dreams is out with another economically insane idea. Please consider AOC, Sanders Renew Fight for …
Realtors across America are in for a tough year in 2024, with a new legal settlements likely lowering their fees and commissions. Something that could result in hundreds of thousands of realtors quitting. Many renters are being evicted from their homes due to the increasing cost of renting a house. …
How can these states prioritize the comfort and well-being of homeless individuals, incarcerated individuals, and migrants over hardworking taxpayers and law-abiding citizens? It is beyond comprehension that taxpayer dollars are being squandered on initiatives that cater to these populations while neglecting the needs of everyday Americans. Establishing medical respite centers …
by confoundedinterest17 Households have too much debt, thanks to trying to cope with Bidenomics and Bidenflation. And much of the debt burden falls on the middle class. Serious auto delinquencies are on the rise. And lowest earners saw the biggest increase in credit card delinquenices. And who voters prefer as …
Private Home Ownership Is At EXTREME RISK In America New Reports Show Economists Have Been Lying To All Of Us About The Rate Financial Firms Have Been Buying Up Single Family Homes They said only 18-23% of homes were being purchased & by 2030 they would own 60% That was …
Have you ever wondered why finding a house seems tougher than cracking a secret code? Well, hold onto your hats because we’re diving deep into the housing supply mystery today. So, picture this: you’re scrolling through your favorite news site, sipping on your morning coffee, and what do you see? …
So the 2008 housing collapse was NOT caused by poor subprime borrowers, but rather, by a speculative mania. So glad we didn't do that again, otherwise we might be in huge trouble pic.twitter.com/1FxS7YWaMS — Darth Powell (@VladTheInflator) March 14, 2024 The echoes of the 2008 housing collapse reverberate as we …