Be a voice, not an echo.
by confoundedinterest17 I certainly hope The Federal Reserve starts normalizing interest rates. Hold that Fed tiger! (Bloomberg) — Sales of previously owned U.S. homes fell in August, suggesting that demand is moderating as
by confoundedinterest17 Feeling hot, hot, hot. Housing, that is! US existing home sales in July rose to 5.99 million SAAR, beating expectations. But the inventory of home available for sale remains low
by confoundedinterest17 I was reading the usual pundits talking about massive increases in housing coming onto the market, then I saw today’s existing home sales numbers from the National Association of
As the credit market heats back up due to the growing consumer demand amid the reopening, America’s third-largest bank, Wells Fargo, unexpectedly announced this week that it will permanently shut
by confoundedinterest17 Fed Chair Powell will speak to a Congressional Oversight Panel today at 2pm. He released his printed statement, and mentions that inflation is usually high. “Inflation has increased notably in recent
by confoundedinterest17 US existing home sales for April were released this morning and show a month-over-month decline of 2.7% from March with 5.85 million units sold SAAR. Median price of existing
by Dave Kranzler of Investment Research Dynamics Existing home sales, reported last Thursday, were down 3.7% from February (down 6.3% in February). Wall St was thinking they would rise 0.8%. The seasonally adjusted
by confoundedinterest17 US Existing Home Sales fell -3.7% Month-over-month in March. Less than the expected -1.8% MoM. But increased to 12.34% year-over-year. Aka, since Covid breakout. The median price of existing
by confoundedinterest17 Another month, another record low of available inventory of home for sale. Available inventory remained near a record low as The Fed continues to throw gas on the
by WARREN MOSLER Bad: Highlights Mortgage rates began to move down in December but it wasn’t soon enough to help the month’s resales. Existing home sales fell a sharper-than-expected 6.4
by WARREN MOSLER Up some but the chart not looking so good: Highlights Mostly goods news finally greets the housing sector as both starts and permits are showing an uplift
by Michael Snyder Things just continue to get even worse for the U.S. housing industry. New homes sales have been absolutely plummeting, homebuilder stocks have lost over a third of
by Macropod Why do I ask? When I visited China last month, I learned that an apartment in Beijing and Shanghai costs $10,000 USD per sq. ft. Yeah, whoah! Not
by Thinker History continues to reveal, that it isn’t the health of Americans the majority are trying to fix, but the never ending flow of dollars that prop and keep
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
by WARREN MOSLER Highlights Amid a backdrop of rising inflation pressures, sharp slowing in the services PMI sample pulled down September’s composite flash and masks a strong showing for manufacturing. The PMI
by WARREN MOSLER Heading lower from already depressed levels: Highlights The headline shows a decline but the message from the July new home sales report is nevertheless mostly positive. New
via Bill McBride From the NAR: Existing-Home Sales Slip 0.7 Percent in July Existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years, according
via Mike Mish Shedlock Existing home sales declined for the third month, fourth year-over-year. May sales were revised lower. The National association or Realtors (NAR) reported existing home sales for June
from Zero Hedge Following a disappointing April for home sales data, and weakness in May’s building permits data, our fiorst glance at May sales suggests all is not well. Existing home sales