A hub for independent voices and hard truths
Least affordable housing market so far. h/t Goldenbird666
Let’s see how the levered up AirBNB gamblers are doing pic.twitter.com/DagjVLjfGv — Don Johnson (@DonMiami3) July 29, 2023 Housing Bros: Real Estate prices will stay elevated even with rates at 7% Housing Reality: We just slashed our listing price by -50% after listing it for 1 month. God Speed 🫡 …
via Mike Shedlock: Case-Shiller home price indexes are again on the rise. What’s going on? Case Shiller National and 10-City home prices indexes plus OER, CPI, and Rent indexes from the BLS. Chart Notes The latest Case-Shiller home price indexes is for May. It represents repeat sales of the same …
Colleague of mine moving out of Dallas because they can't afford their 3400 sq ft house anymore. Listed it for RENT for $6500/month 3 months ago. Zero interest. Seriously, who is going to pay $6.5k/month when you can buy a new build for $4k/month? 🤡😂🤡😂 — AKM (@akm515) July 20, …
by Michael If you are trying to sell your home right now, I feel so sorry for you. Thanks to the Federal Reserve, mortgage rates have risen to very alarming levels, and this has scared millions of potential homebuyers out of the market. Compared to two years ago, the average …
Paris home prices slumped to the lowest level in four years as rising interest rates extended a downturn that gained steam during the Covid-19 pandemic. Asking prices in June decreased 4.1% from a year ago, falling to €10,936 per square meter — the lowest level since January 2019 — according …
https://t.co/HalIfhU6gE — Win Smart, CFA (@WinfieldSmart) July 19, 2023 The median home price in the U.S. is up ~38% since 2020. The average interest rate on a 30-year mortgage is up from 2.7% to 7.1% in ~2.5 years. The average mortgage payment on a 30-year mortgage is now $2,900. Could …
by Simian_Stacker This time around the Fed has already blown its wad with 15 years of QE. The builders are starting to feel it. US: Housing Starts fall 8% in June, Building Permits fall 3.7% Housing Starts and Building Permits declined sharply in June. US Dollar Index stays in positive …
In a clash of opposing forces, the U.S. housing market finds itself embroiled in a fierce battle. On one side, deteriorated affordability resulting from a spike in mortgage rates from 3% to over 6% in 2022, just after national home prices surged by more than 40% during the Pandemic Housing …
Perth builder City Residence falls into liquidation Property owners have been left scrambling after another construction company has fallen into liquidation – but there’s still hope money will be recovered. Yet another construction company has collapsed with Perth builder City Residence Pty LTD going into liquidation. Peter Malone from CRS …
I mean let’s get real. How does the housing market stabilize given these numbers? How many people have the income to qualify for a loan at an over 7% mortgage rate? The monthly payment is up around 40% yet people like Fortune magazine think housing prices will stabilize and move …
‘Clients are taking £20,000 off the asking price’: How the house price slump is causing misery for sellers Homeowners are having to knock as much as £20,000 off their asking price in an effort to find a buyer, housing insiders have revealed. Figures published by Halifax on Friday showed there …
How much of the recent surge of “housing recovery” this Spring was driven by people who didn’t believe the Fed when it said, “higher for longer?” How many people paid top dollar and took an unaffordable monthly payment believing they could hold out and refinance lower soon? https://t.co/wSDYjGM8JE — Amy …
by Martin Armstrong Fannie Mae admitted their forecast of declining home prices was incorrect. They initially projected that housing would fall by 1.2% in 2023, followed by 2.2% in 2024. Housing prices remain strong because this in an inventory crisis. There are 47% less available single-family houses on the market …
People keep responding, “This is due to a decline in the number of people who are marriage material” Are young people in America really on a serious slope of decline in terms of character and relationship skills, or do we have higher standards compared to prior generations? — Amy Nixon …
The Netherlands passed a new law to give housing to Ukrainian refugees. It is nota bene a right-wing government. But the message is clear, there are so many refugees coming that they can’t accommodate that they passed an emergency law giving municipalities the power to expropriate homes. However, that is …
by Simian_Stacker The Fed’s balance sheet is right back where it was before the regional banks blew up.
“Almost 70% of home loans in the United States have a 4% or less interest rate. Millions of people won’t want to give up those mortgages so they can take on a 7% loan. So if you think there is an impending housing market crash? You’re wrong.” Almost 70% of …
Tight monetary policy has significantly deteriorated the housing market % of houses featuring price cuts reached record levels in 2022 Even though the % has reduced since, it's still historically very elevated pic.twitter.com/lnrApBVay0 — Bravos Research (@bravosresearch) June 29, 2023 Stronger than expected GDP. Rate hike odds now 90%, market's …
https://www.youtube.com/watch?v=DhExI40n2_8 We’re already in the midst of a historic housing market crash that is shaping up to become the biggest since at least the 1940s. This downturn is going to affect all of us and have far-reaching repercussions for the US economy and financial markets. With home values plunging in …
pic.twitter.com/V2jDov5Y0U — Darth Powell (@VladTheInflator) June 28, 2023 Wow … seems insane.NYC rents. pic.twitter.com/SqccPwlpT5 — Wall Street Mav (@WallStreetMav) June 28, 2023 It's coming back …the return of quantitative easing #QE #QT https://t.co/GvbFTdGtqz via @FT @TonyTassell @JackFarley96 @rbrtrmstrng @EthanYWu @johnauthers — CrossBorder Capital/ GLIndexes (@crossbordercap) June 28, 2023 The Most …
The Airbnb collapse is real. Revenues are down nearly 50% in cities like Phoenix and Austin. Watch out for a wave of forced selling from Airbnb owners later this year in the areas hit hardest by the revenue collapse. 1) What's scary for the US Housing Market is just how …
“The median California home is $100k higher than they were 4 months ago.” Source: https://t.co/05dmw17NEg — Genevieve Roch-Decter, CFA (@GRDecter) June 27, 2023 May new home sales surged +12.2% m/m vs. -1.2% est. & +3.5% prior (revised down from +4.1%)… median new home price -7.6% year/year to $416,300; average selling …
Canadian Housing Crash? Mortgage Payments To Go Up By 40% as most mortgages adjust automatically with higher rates.🚨🚨🚨 Most countries don’t have 30 year fixed rate mortgages like the USA. Most countries have 5 years before rate adjusts. 🔊 pic.twitter.com/gPFKT4sezS — Wall Street Mav (@WallStreetMav) June 26, 2023 via theglobeandmail …
by confoundedinterest17 Well, not really unexpected since the housing sentiment index for home builders was above 50 yesterday. But with The Fed pausing rate hikes, housing starts are soaring! US housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is …
https://twitter.com/kaiyabunga/status/1669398503255146496
by BoatSurfer600 via YAHOO: (Bloomberg) — Sweden’s beleaguered property sector suffered another blow when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service. Stockholm-based FastPartner AB saw its rating cut one step to Ba1 with the possibility for further downgrades to …
via WSB: Housing prices in Canada are so absurd that young people and new immigrants can no longer afford rent/mortgages. The current rate hike cycle will become the tipping point that pushes thousands of mortgages into default. Already food bank use in Canada is skyrocketing. Refugees are sleeping on the …
“Housing has become so unaffordable that over 75% of homes on the market are too expensive for middle-income buyers” Expect this to be a flashpoint issue n the 2024 presidential election if prices and/or mortgage rates don’t correct substantially by then https://t.co/NzOynYAyvG — Adam Taggart (@adamtaggart) June 13, 2023 In …
"Coming Back To Earth": UK House Prices Book First Annual Drop Since 2012 https://t.co/IFHbSaM10x — zerohedge (@zerohedge) June 8, 2023 UK house prices recorded their first annual contraction in May, attributed to affordability crisis. Lender Halifax published a new report showing UK house prices recorded their first annual contraction in May in …