Independent thinking for complex markets and current events
US rent prices are declining at a historic pace: National apartment rents fell -0.31% MoM in October, marking the steepest October decrease in over 15 years. This also marks the 3rd consecutive monthly decline, as elevated supply continues to weigh on prices nationwide. 3 of the 5 largest monthly rent declines over the last 15 …
California has crossed a line. Gavin Newsom has signed SB 79 into law, and single-family neighborhoods face a forced transformation. Sacramento is deciding what your streets will look like, not the people who live there. This is not a housing bill. It is a blueprint for centralized control disguised as progress. It wipes out local …
Here is why? Prices are too high Rates are too high Lack of inventory due to no one giving up 2-4 percent rates Wall St has bought up hundreds of thousands of property to rent out Average People cannot afford average house h/t GoldFerret6796
3) Here's another listing. This is actually a single-family house in Punta Gorda, FL. Down -35%. Back to 2019 value. Still sitting on the market after nearly a year. pic.twitter.com/mXpnHMFdAH — Nick Gerli (@nickgerli1) August 23, 2024 1) To be clear: prices in Florida's condo market aren't down 41% from peak overall. However, more and …
I strongly support free markets. But this corporate large-scale buying of residential homes seems to be distorting the market and making it harder for the average Texan to purchase a home. This must be added to the legislative agenda to protect Texas families. https://t.co/VBs6Rluh3K — Greg Abbott (@GregAbbott_TX) March 15, 2024 Recent revelations have shattered …
Amid an acute housing shortage, soaring prices, and sky-high rents, a groundbreaking 28% of single-family homes in the United States were snapped up by investors in 2022. The surge in investment has led to growing concerns about affordability, prompting the introduction of a bill aimed at restricting hedge funds from dominating the single-family home market. …
Homebuyer traffic has experienced a significant decline, nearly 40% since the beginning of 2023, reaching levels not seen since the 2020 lockdowns, the 2008 financial crisis, and the 1980s housing crash. What makes the situation intriguing is the recent surge in new home sales, rising by 12.3% in September, defying expectations of a decline, all …
pic.twitter.com/2Nylq22RzX — Don Johnson (@DonMiami3) October 24, 2023 Here's what that looks like non-indexed. pic.twitter.com/KMME29atJI — Don Johnson (@DonMiami3) October 24, 2023