via @HayekAndKeynes: As a result, the number of cost-burdened renters (>30% of income on housing) has doubled since 1960, reaching almost 50% of all U.S. renters
by feistypenguin There are many benefits to homeownership, but home maintenance can send you into a debt spiral if you don’t have a pile of cash on-hand for emergencies (i.e. $5-10k at least). Otherwise you may need to borrow against …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter With Seattle’s economy still strong, the downturn isn’t caused by layoffs & defaulting mortgages. The fabulous bubble has run out of steam on its own. Inventory of houses and condos for sale in King County – …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But this time it’s not a result of a tech bust. That hasn’t happened yet. Housing inventory listed for sale in the two counties that make up Silicon Valley – San Mateo County and Santa Clara …
by Jesse Colombo Zillow recently published its 2018 housing market report that showed that America’s $33.3 trillion housing market is up by 49% since 2012: The value of the U.S. housing market continues to climb, gaining 6.2 percent in 2018 to reach …
Real estate is a huge problem now for investors and home owners who have gotten in way over their heads. Most people have taken on way too much debt. Many are walking away from their purchases. Some are underwater. The …
Real estate is one of the benefactors of the global central bank easy money policy. Housing prices have gone up faster than penny stocks in some areas, completely defying gravity. Rents have risen as well and unfortunately for buyers, so …
A national housing crisis is brewing. What actions can policymakers taketo head it off? Housing is sputtering. Home sales, home-building and homeownership have gone flat, and the rise in home prices threatens to stall out. Things aren’t likely to get …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But the central bank has kept interest rates at record lows! The relentlessness of the housing busts in the regions of Sydney and Melbourne – they account for about 55% of Australia’s housing stock by value …
Rampant unaffordability and a slew of other reasons. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. In the fourth quarter of 2018, prices in prime regional housing markets in England and Wales fell by 0.9%, according to global real estate agency …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Sales decline to steepen, no respite in sight. The reasons for the housing-market downturn are in the eye of the beholder, as we will see in a moment. But whatever the reasons for it may be, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Homebuilders, a bedraggled bunch recently, breathe a sigh of relief, but get crushed anyway. “NOTICE: Due to a lapse in federal funding this website is not being updated,” the Commerce Department’s website says currently on the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Seattle house prices drop 4.4% in four months, biggest drop since Housing Bust 1; Prices deflate in San Francisco Bay Area, San Diego, Denver, and Portland. Some of the markets in this select group of the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Existing home sales across the US drop 7% from a year ago, plunge 15.4% in the West. Sales of existing homes — including single-family houses, townhouses, condos, and co-ops — in November, dropped 7.0% from November …
Silver Doctors, Released on 12/19/18 Real estate expert Ben Jones says the 2008 Housing Bubble is still going on. If it is, we could see prices fall even lower than last time. Speculation and over exuberance has reentered the real …
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 in November results that top Econoday’s consensus range. Starts jumped …
by Dave Kranzler of Investment Research Dynamics A couple of my subscribers emailed me expressing frustration over the fact that their recent homebuilder puts are either not moving higher or losing value despite the sell-off in the overall stock market. There’s two factors. …
by WARREN MOSLER Analyst Opinion of Container Movements Simply looking at this month versus last month – this was a terrible month. The three month rolling averages significantly declined. This is the first dataset I have seen which could be …
Josh Sigurdson talks with author and economic analyst John Sneisen in Paso Robles California about the crash of the Australian housing markets across the board as the Reserve Bank of Australia decides on a potential rate cut and quantitative easing. …
by John Coumarianos This past weekend in the NYTimes, Nobel-laureate economist Robert Shiller sounded the alarm on housing again. For those who don’t know, Shiller called the stock market bubble of the late 1990s and the housing bubble of the following …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The biggest housing markets of the West Coast — the Seattle metro, the San Francisco Bay Area, and the Los Angeles and San Diego metros — went through phenomenal price inflation over the past few years, …
by Tom McClellan Housing sector stocks have been among the worst performers in 2018, and analysts are pointing to lots of different reasons including the newly imposed U.S. tariffs on Canadian softwood lumber. But an easier explanation arises when we look …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Homebuilder Toll Brothers just said it out loud. High-end homebuilder Toll Brothers, when it announced earnings this morning, made some peculiar comments. Not so peculiar was the plunge in new orders in its fourth quarter, ended October 31: …
Josh Sigurdson talks with author and economic analyst John Sneisen about the massive bubble ready to burst at any moment in Hong Kong as the city continues to face declines. Following HSBC’s announcement in October that they planned to raise …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The underlying dynamics changed in August and have worsened since. And this is still the tech boom. It’s high time to unload houses and condos in Silicon Valley and San Francisco, one of the most expensive …
Natasha Sweatte reports on predictions of major changes to the US housing market, as unsold homes climb to the highest level since 2009, when the US was in a middle of a mortgage crisis. Natasha talks to Jeff Deist, President …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not exactly slow motion anymore. In Greater Sydney, Australia’s largest housing market, the housing bust, after a terrific housing bubble, is gaining momentum. In November, according to the CoreLogic Daily Home Value Index: Prices of single-family …
via mishtalk: The U.S. housing boom is not ending, it’s over. Dallas and the west coast are in the spotlight. Recent housing data has been downright miserable. New home sales fell through the floor and existing home sales had a string …
via upfina: The September CoreLogic Case-Shiller index wasn’t terrible, which is encouraging since many housing related indexes have shown weakness recently. The problem with this report is it’s from September. Therefore, it doesn’t quell investors’ nerves about the direction of the …
by Lance Roberts Earlier this year, I penned an article entitled “The Coming Collision Of Debt & Rates” which discussed the 10-areas that rising interest rates would impact most directly. Number two on that list was housing: “Rising interest rates slow the …