A hub for independent voices and signals
1/ Mortgage Meltdown Incoming? The share of 🇨🇦 mortgages in arrears (90+ days overdue) has jumped 50% since hitting historic lows. The latest rate of 0.21% might seem small, but here’s why it’s a ticking time bomb for the housing …
by confoundedinterest17 We are all riders on the Biden housing storm. Existing-home sales have finally started to improve on a seasonally adjusted basis after a three-year decline. Cause? Raging home prices combined with higher than normal mortgage rates. Home prices are …
Tell me again about that “Soft Landing” – how the Economy is getting stronger…. US Capacity Utilization is declining – currently at 76.8%. So… why would businesses be hiring people with this capacity utilization? Tell me again about that "Soft …
……..and almost no demand at these prices… pic.twitter.com/uzqEYs3ybc — Saw Chuck (@Saw_Chuck2023) December 18, 2024 Distressed sellers inbound. They keep droping the rates on these townhomes. 2.99% interest rates. I drive by it every day and I don't see cars. …
by confoundedinterest17 Government didn’t build this country. The private sector did. Housing Starts: Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,289,000. This is 1.8 percent below the revised October estimate of 1,312,000 and is 14.6 …
The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000 Wall Street Pours Billions Into Build-To-Rent Communities, Betting Big Against Home Ownership Amid High Prices and Interest Rates While the pillars of …
I should note, these candidates were from last election cycle. I just stumbled upon this and was shocked just how out of touch these candidates actually are. How can these people be so out of touch, that they’re wrong on …
by confoundedinterest17 Apparently, the late Hawaiian crooner Don Ho foresaw Biden’s irresponsible spending spree. That is, BIG BUBBLES. Let’s start with the Buffett Indicator (Warren, not Jimmy!). It indicates that the stock market is STRONGLY OVERVALUED. The S&P 500 Mean Reversion Model also …
“The year is on track to have the slowest housing market in three decades, with a projected four million home sales, according to the National Association of Realtors — making 2024 the second straight year of historically anemic sales” Record …
Yup. So the housing markets just sits here and does nothing. No buyers no sellers because they can’t agree on an affordable price https://t.co/UFEektfCKe — QE Infinity (@StealthQE4) December 12, 2024 Annual income needed to buy a house over last …
Everything feels so high. SPX with 120 month moving average. Dec 2024: SPX 6000, 120MMA 3400. Its funny how the same bullshit scams repeat, but just in VERY slight variation. Penny stocks – CryptoHousing shortage – Housing shortageDotcom – AI …
“The projects” I’ll NVR forget the old starret city in Brooklyn. Literally a war zone Jimmy Carter had made some law, that when you build new residential communities builders had to include a section minimum 10 public housing units or …
Link:https://t.co/lHbaCra43b pic.twitter.com/2N52ECGZnI — QE Infinity (@StealthQE4) December 3, 2024 pic.twitter.com/7CgoDZFhhI — Darth Powell (@VladTheInflator) December 3, 2024
https://twitter.com/Dani3lAndrew/status/1862163986159981018 Someone is lying hard here. pic.twitter.com/Pj5z1EOcAB — Guilherme Tavares (@i3_invest) November 27, 2024 U.S Home Sales on track for worst year since 1995 🚨 pic.twitter.com/y374xS1HMw — Barchart (@Barchart) November 29, 2024
Yes it’s literally this bad out there for housing. Next up, price drops. No one can afford to buy at these prices with mortgage rates this high. There’s no demand because there’s no affordability. If prices dropped, inventory would eventually …
by confoundedinterest17 To quote Freddie King, the US is going down. Longer-term inflation jumped to their highest since June 2008, according to the latest UMich Sentiment survey, while short-term inflation expectations dropped to four year lows… Housing sentiment (buying conditions for …
Yeah, we are absolutely drowning over herehttps://t.co/fqb9pF8bzM — Robert (infra 🏛️⌛️) (@infraa_) November 22, 2024 2024 housing market final sales predictions rolling in: "Existing home sales will be around 4.0 million in 2023, down from 4.1 million in 2023." Reminder …
During the 2008 housing crisis banks were throwing loans around like confetti…now instead of home loans it’s auto loans. — midGRAY (@_midGRAY) November 20, 2024 Its starting to affect consumer spending: Target $TGT with a huge earnings miss. Stock is …
The inventory shortage narrative runs out of steam as Realtor pivots on supply and price “This is the longest stint of four-plus months of supply in five years” “The percentage of homes with price reductions was 18.6%” – higher than …
by ElementBulldog Total Number of Homes in the USA: 127,266,986 houses (all homes in the analysis): Breakdown of Homes Based on Loan to value ratio ( Loan Amount / Estimated Value of home) The estimated value of the home is subjective. …
Pennsylvania home prices have spiked more than 440% over the past four decades, according to one analysis of Freddie Mac data. Why it matters: That sounds bad but we’re below the national average of nearly 500%. The big picture: Housing …
https://hw-videos.worldstarhiphop.com/u/vid/2024/11/0qlEdQH1CU8A.mp4 https://worldstar.com/videos/wshh0Eqd6Sn8pm9sIDhy/donald-trump-says-he-will-make-illegals-ineligible-for-welfare-food-stamps-and-housing-i-will-end-it-all-immediately During a rally in Arizona on Thursday, former President Donald Trump pledged to end the “invasion” of migrants and “ban all welfare and federal benefits from illegal aliens.” Immigration has been a major issue for voters this election …
19 are below their 2022 peaks: Austin -20%, San Francisco -10%, Phoenix -8%, San Antonio -7%, Denver -7%, Salt Lake City -6%, Sacramento -6%, Portland -5%, Dallas -5%, Seattle -5%, Honolulu -4%… The mix that drives the housing market now: …
Authored by Charles Hugh-Smith via oftwominds, To reverse the damage wrought by financialization, we must reverse financialization. The post-election hope that festering problems can now be solved doesn’t seem to extend to unaffordable housing and homeless encampments, two blights on …
Authored by Charles Hugh-Smith via oftwominds, To reverse the damage wrought by financialization, we must reverse financialization. The post-election hope that festering problems can now be solved doesn’t seem to extend to unaffordable housing and homeless encampments, two blights on …
Picture this: a quarter of your home’s value – gone by December. It sounds impossible, right? But across the U.S., we’re seeing the housing market shift in ways few could have predicted. The question is…how deep will it go? 2024 …
This chart should scare the hell out of the housing market. More and more people are content with just renting as housing affordability crashes Paying $600,000 for a house with rising property taxes and insurance costs annually all of the …
Guess what happens at 10%? 2008 will look like a housing boom. https://t.co/MCBXEJOoZH — The Great Martis (@great_martis) October 30, 2024 ‼️US HOUSING AFFORDABILITY IS AN ABSOLUTE CRISIS‼️ An average mortgage payment to afford a house in the US is …
“The 30-year fixed-rate mortgage climbed BACK above 7% today, reaching its highest point since early July. This is one month AFTER a 50 bps cut by the US Fed.” Reminder: pic.twitter.com/oamLMu9J3p — Darth Powell (@VladTheInflator) October 28, 2024 This isn’t …
