A hub for independent voices and hard truths
Lower mortgage rates just don’t seem to be in the cards for this summer Sorry, Housing Market! pic.twitter.com/CCbABMbirx — Amy Nixon (@texasrunnerDFW) May 12, 2025 https://twitter.com/Jedi_ant/status/1921663824295350763 pic.twitter.com/UCl19LyfeK — Darth Powell (@VladTheInflator) May 12, 2025
People keep saying this housing market is nothing like 2008 and they're fucking right. Its worse. We have worse affordability, worse demographics, more speculation all done at lower interest rates with rising inflation. — Darth Powell (@VladTheInflator) May 11, 2025 pic.twitter.com/ZITWiXCCms — Darth Powell (@VladTheInflator) May 11, 2025 HOLY FUCK! …
And now, it is showing up in the hard data. Credit card transactions began falling in a highly unseasonal manner in the last week of April. Spending slows down, layoffs speed up. It’s just that simple. pic.twitter.com/I7zBVDie5u — Spencer Hakimian (@SpencerHakimian) May 5, 2025 Bonds are setting up the ultimate …
“It’s only a gully” – lying realtor in “The Big Short. h/t Boo_Randy_II
Trump presented the new budget in which he requests $1 trillion for defense – MorePerfectUnion Trump has asked Congress to increase the defense budget for the next fiscal year to $1.01 trillion, the White House has officially announced. The proposal includes: – $163 billion in cuts to health care, child …
Big red warning signs are flashing in the Phoenix housing market. Inventory is now up 467% from its pandemic low three years ago. And just hit the highest level in a decade. There's a mass selloff occurring, as pandemic investors and snowbirds sell out. Prepare for… pic.twitter.com/d0c41Mxe87 — Nick Gerli …
BREAKING: 44.4% of home sellers gave concessions to buyers in March, near the highest share on record. The percentage has increased by ~10 points since July 2024 and has DOUBLED since June 2022. In Seattle, 71.3% of sellers gave concessions, the highest share among the 24 major metropolitan areas. This …
Another major housing market downturn, home prices crashing nationwide.
ya but like they are selling pic.twitter.com/FNDacasRZi — Darth Powell (@VladTheInflator) April 25, 2025 pic.twitter.com/yXocqFUlDH — Amanda Goodall (@thejobchick) April 25, 2025 Yes, and imagine what would happen to the housing market if the 30-year mortgage rate returned just to levels seen in the 90s (let alone the much higher …
The world has changed in unimaginable ways from the time the oldest baby boomers were born in the late 1940s to the 21st-century birth dates of Gen Z. From the end of the Cold War and 9/11 to the advent of the internet and social media, the fast-changing last few …
2/ The Fed had been on an unprecedented hiking cycle Taking rates from near 0% to 5.5% in just 1.5 years Ensuring tight monetary policy in the process pic.twitter.com/s8OvQS8I6C — Bravos Research (@bravosresearch) April 21, 2025 4/ During the recent hiking cycle, 30-year mortgage rates broke out a key downtrend …
Zillow just cut their U.S. home price forecast to -1.7% over the next 12 months, and is now forecasting prices to drop in every major city. This is a huge shift in market dynamics and Zillow is now getting increasingly bearish on the housing market.
Why this housing cycle is worse than 2008: 1. More speculation 2. More fraud 3. More unaffordable 4. MUCH worse demographics 5. Structural inflation Reason its delayed: 1. Government keeping MILLIONS of homes off the market using taxpayer dollars. — Darth Powell (@VladTheInflator) April 19, 2025 https://twitter.com/PhilipSoos/status/1913804783745683479 This is exactly …
This is a major signal. Homes sitting on the market for 47 days longest in 6 years isn’t just about high mortgage rates. It’s about liquidity freeze in the real economy. Buyers can’t afford to stretch, sellers don’t want to cut, and volume is collapsing as a result. This kind …
How many of the 550bn$ of MBS holding “guaranteed” mortgages by Fannie and Freddie in $BAC books were structured on fraudulent mortgages and are about to be nuked? 👀 https://t.co/iTXUp3D0Cx pic.twitter.com/w4FIpug6fH — JustDario 🏊♂️ (@DarioCpx) April 17, 2025 Builders can’t sell inventory as buyers vanish… Realtor pitch crumbles under economic …
The U.S. housing market is dangerously overvalued. This chart shows 15 years of income just to buy a median home. We haven’t seen levels this high since 2007 and we know what happened then. I just dropped a very detailed analysis. Link is in the comments! pic.twitter.com/aze1ALn6z5 — The Macro …
1) Home prices in California are still up on a year-over-year basis, however they won't be for long if this inventory growth continues. Los Angeles county is up 48% YoY.Orange county up 66%San Diego up 67%Riverside up 53%Santa Clara up 73%Alameda up 74% Data as of March… — Nick Gerli …
If there was ever a “canary in the coal mine” moment for the next housing crisis, it’s that mortgage and insurance giant Fannie Mae maintains a secret mortgage blacklist. The Wall Street Journal broke the news on March 17 that Fannie Mae keeps a blacklist that includes condo associations it …
The number of homes for sale in the Texas market is now above pre-pandemic levels and continues to rise, with experts warning that the Lone Star State may soon be facing a pricing correction. Why It Matters The Texas housing market boomed during the pandemic when an influx of out-of-state …
RH: "For context, in 1978 there were 4.09 million existing home sold when the U.S. had a population of 223 million. Contrast that to 2024 where 4.06 million existing homes sold with a population of 341 million, and it illustrates just how depressed the housing market has been" — Lance …
$SPY people believe that the 2007 Great Financial Crash was a large surprise (below) But it was anything but a surprise. The moving averages were textbook. Clear tests of support, followed by a rejection from below twice and then Lehmans collapsed. What sometimes clouds… pic.twitter.com/2LaGy1a0z3 — The Long Investor (@TheLongInvest) …
The median household income necessary to purchase the median priced home for sale in the US ($124k) is now 57% higher than the current median household income ($79k). This is the most unaffordable housing market in history. Video: https://t.co/3GVJzoEu3z pic.twitter.com/lwqEsx6jX5 — Charlie Bilello (@charliebilello) March 27, 2025
2025 Consumer Sentiment Statistics Only 1 in 4 Americans (26%) feel better off economically now than they were in September 2024. Meanwhile, just a third (34%) expect to be better off in six months than now. Nearly 2 in 3 Americans (63%) don’t believe the U.S. government is taking the …
Zillow just revised down their 2025 housing market forecast to 0.6% price growth on a national basis, down from 2.9% earlier this year. The result is that Zillow is now forecasting home price declines in 250 cities across America, a clear sign of a slowing housing market. The areas in …
Inflation is now just 1.35% according to real-time index Truflation. Eggs are down 30%. Oil is down 14%. Commodities are falling a percent per week. Expected housing inflation went from 12% to just 1.1%. The left is scrambling for new talking points. https://t.co/FGAZ7vfh0G — Wall Street Mav (@WallStreetMav) March 20, …
Skyrocketing rates make homeownership impossible for most Americans, with $124,150 needed to afford the median home—far above the $79,223 median household income. As of January, "qualified income" needed to afford median home in U.S. was $124,150, but U.S. median household income was $79,223 … makes for a $44,927 affordability gap …
by Mike Shedlock Homebuilder confidence is lowest level in seven months. The NAHB/Wells Fargo Housing Market Index (HMI) dropped again in march. NAHB Key Findings March 2025 Current sales conditions fell three points to 43. Sales expectations in the next six months held steady at 47. Traffic of prospective buyers dropped five …
