Independent thinking for complex markets and current events
This is super depressing. In Arizona…Average price of a home… in 2000 – $119,600in 2010 – $221,900In 2015 – $289,000In 2024 – $426,680 The price of a home in Arizona increased by approximately 256.75 from 2000 to 2024 Median income/salary…in 2000 – $42,000 in… — RoxiUSA 🇺🇲 (@2Trump2024) September 27, 2024 This is HOT! Independent …
Property taxes go up due to home value increase. Home insurance goes up to replace said overvalued home + cost of materials due to inflation Double whammy. I’ve had several friends who are starting to get priced out of their own home. Sorry if I’m late to the game on this information but this seems …
The path to achieving housing affordability presents a formidable challenge. With mortgage rates at 8% and current property prices, the National Association of Realtors (NAR) suggests that a substantial 63% increase in income is required. These figures underscore the pressing need for comprehensive solutions to address the housing affordability crisis, where rising costs and stagnant …
by KenBalbari I don’t think so, no. I think many are still leaning to the soft landing scenario. Clearly there is no recession yet, but if there is going to be one, I think it will be mainly top down, starting with further declines in corporate profits, eventually leading to a weaker jobs market. Bond …
Assets: Securities Held Outright: Mortgage-Backed Securities: Wednesday Level h/t Simian_Stacker
One of Seattle’s most expensive homes has been relisted on the market with a $15 million price cut – illustrating how even the most lavish homes are not immune from the cooling housing market. The five-bedroom mansion in Hunts Point, a town on the eastern shore of Lake Washington, went on the market in spring …
by confoundedinterest17 Cry for Argentina! The people, not their government or Central Bank. Argentina has similar problems to the US in terms of the Covid outbreak in 2020. Their Central Bank went wild (as did The Federal Reserve) in terms of printing money. Argentina is still printing like mad. At 81% YoY! And inflation is growing …