via Bloomberg:
Renters finally have reason to rejoice: their housing costs dropped last month for the first time in six years.
The median rent for apartments, single-family homes and other residences across the U.S. was $1,440 in September, down 0.2 percent from a year earlier and the first year-over-year decline since July 2012, according to listings website Zillow. Rents have jumped 14 percent since September 2011, or about 2.3 percent a year.
Existing Home Sales Drop For 7th Straight Month
via Zerohedge:
As Homebuilders Stocks Collapse. This is the seventh month in a row of annual declines in existing home sales…
Sept. existing home sales plunged the most in 2 years, extending the streak of consecutive monthly declines to 6. Homebuilding stocks are hitting 52-week lows, registering their worst year since 2008. If housing is this bad during the boom, imagine what happens after the bust!
— Peter Schiff (@PeterSchiff) October 19, 2018
"greatest economy ever" pic.twitter.com/RqQvZawNdb
— Alastair Williamson (@StockBoardAsset) October 19, 2018
US housing data miss pic.twitter.com/Td5CdPjJy5
— Alastair Williamson (@StockBoardAsset) October 19, 2018