A hub for independent voices and hard truths
Investors are now selling at a loss in Florida’s Housing Market, with the Zillow Value estimates on some listings collapsing as much as 30%. Indeed, the seasonally-adjusted estimate of new houses for sale at the end of May was 481,000, marking …
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 …
via Mike Shedlock Speculative building, measured by started but unsold housing inventory, is at the highest level since May of 2008. To unload these units, builders will have to offer steep discounts. New Home Sales by Census Department, Chart by …
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. …
Altos reports that active single-family inventory was up 1.6% week-over-week. Inventory is now up 15.2% from the February bottom, and almost above the maximum for inventory last year! Click on graph for larger image.This inventory graph is courtesy of Altos Research. As of …
New data from Realtor.com shows that inventory on the US Housing Market surged by 30% in April 2024. With the share of sellers cutting the price also spiking to the highest rate since 2018. Surging homes for sale and price …
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 …
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
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
New data from Zillow and Realtor.com are both reporting a massive surge in inventory across the US Housing Market – particularly in cities in Florida and Texas.
Unemployment and supply of homes are correlating higher now as well pic.twitter.com/cfgrH7wAsT — The Coastal Journal (@1CoastalJournal) March 26, 2024 The real estate rollercoaster is hitting some unexpected twists and turns, with February delivering a double whammy of unsettling news. …
Corporate bonds outstanding >$10T. Primary dealer inventory $33B -not a liquid market. When credit markets quiet & calm, it gives impression liquidity's fine, but if many want to sell, liquidity disappears. Even in quiet markets, finding a bond can take …
The global car market is teetering on the brink of a precipitous crash in 2024, a situation brewing since 2020. However, the sound of a car market crash has not just started, but it has reached the US horizon. But, …
New vehicle inventory is now at the *highest* level since early spring of 2021. Expect incentives to keep rising for most brands. — Car Dealership Guy (@GuyDealership) December 23, 2023 Updated market day supply for NEW vehicles, major markets.Compared to …
by Cr4ck3r51 I’m a wholesaler in Dallas , been in business for 11 years strictly in wholesale. We supply cars to local dealers, since September we used to run 130 cars a week and now we barely running 80 , …
The convergence of contracting manufacturing, a downward trend in Goldman’s Capex tracker, and business inventory nearing contraction levels raises ominous parallels with past economic downturns. This alarming pattern, witnessed during the Dot Com bubble, the Financial Crisis, and the Pandemic, …
1) It's the same story on most of these listings. The landlord attempts to rent the property over the summer. Can't do it. Then lists for sale. pic.twitter.com/1j5OPJSlkX — Nick Gerli (@nickgerli1) November 13, 2023 3) If you want to …
by confoundedinterest17 Going down! The US housing market, that is! Federal Reserve Jerome Powell said at the luncheon in New York City that “Inflation is still too high”, meaning that rate cuts are on hold and maybe a rate hike or two …
The fight against inflation is still ongoing… OPEC just said that global oil markets will face a massive supply shortfall next quarter. They expect a supply shortfall of more than 3 million barrels per day. If OPEC is correct, it …
The rising mismatch between electric vehicle supply and demand is showing up at car dealerships as unsold EVs stack up. Dealerships tell Bussiness Insider that EV supply from automakers has been turned away as demand cools. Rising EV inventories and …
Shit is expensive out there. h/t CharlieFoxtrot
by confoundedinterest17 Wasting away again with Bidenomics. US existing home sales crashed by -19% in June, the 23rd consecutive month of declines. At least the median price of existing home sales is decreasing as Fed stimultypto vanishes. Just like inventory …
by confoundedinterest17 Like a bad good news, bad news joke, the good news is that US existing home sales ROSE 0.2% in May. The bad news? Existing home sales are DOWN -23.16% on a year-over-year basis. And the median price …