By Lance Gaitan Early this week, the market shook off Thanksgiving blues and started with a bang! Stocks bounced sharply, and Treasury yields moved up in tandem. Last week’s start was a different story. Stocks fell sharply. Treasury bonds were mostly …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Seattle home prices drop at fastest pace since Housing Bust 1. Feeble declines in San Francisco, Denver, Portland, etc. Flat prices in others. Condo prices in NY City suddenly jump. Single-family house prices in the US, …
The U.S. Housing Boom Is Coming to an End, Starting in Dallas Home prices zoomed higher in recent years, and mortgage rates are climbing. Buyers are queasy. PLANO, Texas—A half-hour drive straight north from downtown Dallas sits one of the …
by Adam Taggart As we’ve been tracking here at PeakProsperity.com, the housing market is starting to look quite ill. After the central bank-driven Grand Reflation following the Great Financial Crisis, home prices are now beginning to nose over from their new …
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 their value, and existing home sales just posted their biggest …
by WARREN MOSLER Not good: Highlights Yesterday’s housing market index may have unexpectedly plummeted but today’s housing starts and permits report, though soft, at least is in the ballpark of expectations. Starts in October rose 1.5 percent to a 1.228 million …
From Birch Gold Group Home builders across the U.S. are struggling to come to grips with an incredibly toxic combination of rising rates and lack of affordability in the housing market. National Association of Home Builders (NAHB) Chairman Randy Noel downplayed the situation, saying customers …
global slowdown is coming pic.twitter.com/76WjQdNNC3 — Alastair (@StockBoardAsset) November 19, 2018 Morgan Stanley Calls It: "We Are In A Bear Market" https://t.co/MHNd8yczng — zerohedge (@zerohedge) November 19, 2018 US High Yield credit spreads move up to 418 bps, widest since …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The area of Silicon Valley and San Francisco – comprised of the counties of San Francisco, San Mateo, and Santa Clara – is one of the most expensive housing markets in the US. Atherton, a town …
Canada’s housing market is imploding, growth is slowing and it will eventually go negative like it did back in the 80’s. Caterpillar once again is reporting weakening sales. The manipulation is coming to an end. Conspiracy no more for gold. …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter In 2018, “each month has brought weaker than normal sales, rising inventory, and continued downward pressure on prices” in Vancouver, British Columbia, writes Steve Saretsky, a Vancouver Realtor and publisher of real-estate blog, Vancity Condo Guide. The …
Bear markets: the 1st drop, bounce, and subsequent drop pic.twitter.com/KE0aeF1AV0 — zerohedge (@zerohedge) November 9, 2018 wow -> housing inventory is flooding the market! pic.twitter.com/fREunNN9RZ — Alastair (@StockBoardAsset) November 9, 2018 BofA's Bear market signposts – 11 of 19 (58%) …
Do you think that housing prices in these major bubble cities like Seattle will continue to go higher in 2019? Or is this at or near the peak of housing right now? Home prices have fallen in countless cities around …
by Dave Kranzler of Investment Research Dynamics “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” – “The Sun Also Rises” – Hemingway Zillow Group stock plunged 24% this morning after reporting Q3 numbers that missed revenue …
via CybergothiChe: There is a housing crisis in Australia’s apple isle, Tasmania. It is part of a greater plan to use Australia as a lifeboat for humanity when society in the rest of the world fails due to nuclear war. But …
Josh Sigurdson talks with author and economic analyst John Sneisen about the crashing San Diego housing market as the bubble has been propped up to such an incredible pressure that we’re finally starting to see the resistance in the beautiful …
Authored by Mike Shedlock via MishTalk, It takes 23.6% of median income to make the monthly payment on the average-priced home. In it’s latest report, the Black Knight Mortgage Monitor confuses affordability with payment stress and fails to make an apples-to-apples comparison …
via Bill McBride A few brief excerpts from a Goldman Sachs research note today: The Housing Slowdown The most likely drivers of the slowdown are higher interest rates and tax reform. CR Note: We discussed these two key headwinds at the …
But new high-end towers will continue to flood the market. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. After decades of mind-boggling growth, home prices in metropolitan London, according to official numbers, started to fall this year, if barely. …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Bloodbath” and similar technical terms crop up in the media. Sales of houses and condos in Greater Sydney, Australia’s largest housing market, plunged 16.7% in October compared to October last year, even as advertised listings surged …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Seattle prices fall sharply. New York condo prices nearly flat for the year. First feeble declines in San Francisco, Dallas, Denver, etc. Something is afoot. On the surface, it still looks strong. Single-family house prices in the …
by WARREN MOSLER More housing weakness: Highlights Growth in home prices, as it is for home sales, is almost at a standstill, at least on a monthly basis for Case-Shiller’s 20-city adjusted index which inched only 0.1 percent higher in …
Mortgage Debt is our friend not enemy
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 only this, but the inflation rate is so high that …
via Bill McBride Following the weak new home sales report, I’d like to update a couple of graphs. For the economy, what we should be focused on are single family starts and new home sales. As I noted in Investment and Recessions “New Home …
by John Rubino For the past few years, homeowners just about everywhere have been able to finesse life’s problems by thinking “at least my house is going up.” This home equity accretion allowed them to buy stuff on credit, safe …
via knowledgeleaderscapital: Today, economy watchers were treated to more of the same from the housing market. That is, more weak numbers suggesting we may have seen the peak in housing activity for the cycle. This fits with our earlier analysis that higher lending …
by Graham Summers of Gains, Pains & Capital It is looking increasingly likely that the bull market is OVER. The Russell 2000 (IWM) has lead the S&P 500 throughout the bull market begun January 2016. Over that time period, the Russell 2000 rose …
Josh Sigurdson talks with author and economic analyst John Sneisen about the crash of Australian housing markets across the board, from Sydney to Melbourne. AMP Capital had recently predicted a 15% crash, however they have now updated that to a …
