Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Inventory continues to surge. Potential buyers move on. Here is the good news: Lower prices stir sales. Clearly, homebuilders are motivated to move their inventory, and they’re making deals at lower prices. The median price of …
Bernie Sanders has launched a bid for the 2020 presidency, and is promoting his vision for a socialist America while condemning the one-percent for their wealth. However, Bernie doesn’t exactly practice what he preaches. One America’s Pearson Sharp explains. …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But first-time buyers cling to hope. Sales of newly built detached houses in Australia plunged 6.7% in December 2018 from November, to just 4,622 houses, according to the Housing Industry Association (HIA), easily whizzing by the …
by Dragonfiremule I graduated college with a bachelors a year and a half ago. My first year out of college I did an internship which paid 30k/year. Once it ended, I got an actual job and now make 57k/yr, which …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Hot air is hissing out of this market. Sales of new single-family houses in September plunged 18% from September a year ago, not-seasonally adjusted, to just 41,000 new single-family houses, according to estimates that the Census …
by Thinker Americans who have kept the “TRUTH” about corruption for decades are releasing it and getting the weight off their chest. To know the “TRUTH” is to know how many “LIES” have been told before you can reach it. …
via @ByRosenberg: % of income spent on rent (vs historical average) LA 47% (36%) Miami 42% (29%) San Francisco 39% (31%) NY 38% (26%) Boston 33% (26%) Denver 32% (24%) Seattle 31% (24%) Portland 30% (24%) US avg 28.4% (25.8%) https://www.zillow.com/research/q2-2018-affordability-21286/
Big drop in sales prices right as the last few #InterestRate hikes materialized in #mortgage rates got above 4.5% #Housing was a bubble in search of a pin…. First domino h/t @OccupyWisdom
This should be Nationwide! A Nebraska town is considering blocking undocumented immigrants from obtaining jobs or renting houses ahead of a new Costco plant opening in the area. The Scribner City Council has already approved an ordinance that …
via Business Insider: The Everything Bubble has made the inflation of the second housing bubble, now well further into its mania stage than the subprime bubble got, go largely unnoticed. As ZIRP, QE, and the resultant wild risk-asset inflation has …
by Chris Black Now, you too can have a crack house in your own back yard! We all know about California’s 3rd world problems, after the state’s middle class virtually disappeared, or at least is working hard on it. …
Image from iStock/mphillips007 From Mises Wire: Measuring gains or losses in the standard of living is not a simple matter. We know that over the past century in the United States, working hours have declined, and real incomes have increased. By …
by Dave Kranzler via Investment Research Dynamics Housing Market Supply And Demand: Just The Facts “Housing – people are insane if they think housing isn’t going to get crushed with rising rates. As you outline often, it’s already happening in ( NY, Den, …