by David Haggith Just ten days ago, your Lone Ranger here laid out why one should see the barely beginning downturn of the housing market in Seattle as the bellwether for a national housing market bust. Naturally a snowflake or two of …
Housing market is showing signs of cracking: ‘Anything-goes list-price strategy is no longer working’ Housing market shows signs of cracking. Here’s why from CNBC. Even in the hottest markets, there is an affordability limit, and that limit is clearly now …
Am I missing something? Perhaps it’s a mix of personal paranoia (was looking to buy a house) and media hysteria, but this looks pretty bad. Dodd-Frank Act has already been partially rolled back, with plans to roll it back further. …
The national slowdown was particularly unkind to the province of BC. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: Canadian housing data continued to disappoint in the month of June. Albeit the year-over-year decline in home sales was not nearly as …
Authored by Mike Shedlock via MishTalk, “The affordability crisis may have reached a breaking point in Portland, San Jose, and Seattle,” said Redfin CEO Buyer Fatigue Redfin notes June Home Prices Rose 5.7% Year Over Year; Smallest Increase Since December 2016. …
by Adam Taggart Developments are underway in China that should dampen the housing market there: The practice of rectifying market order stems from a special action by seven ministries. On June 28, the Ministry of Housing and Urban-Rural Development and other …
by Chris These are very noisy data series, so they could easily jump again next month, but the higher mortgage rates and rising house prices are a double whammy for home purchasers, especially first-time buyers. Here’s the data from today: …
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent comments made by The Bank of Canada’s Stephen Poloz regarding the continued rise of interest rates. According to Poloz, if you don’t like interest rates going up, …
by David Haggith A summer storm is gathering against the housing market all across the US. More than a year ago, I predicted the collapse of Housing Bubble 2.0 and then predicted as soon as the housing market collapse had begun that it …
by Adam Taggart Shutterstock Our good friend John Rubino over at DollarCollapse.com just released an analysis titled US Housing Bubble Enters Stage Two: Suddenly Motivated Sellers. He reminds us that housing bubbles follow a predictable progression: Stage One: Mania — Prices rise …
“The state’s efforts to save homeowners money are now keeping many of them locked in their homes — and potential buyers locked out.” Virginia Postrel: In pricey areas, two enormous tax distortions will still encourage California homeowners to stick to …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It’s called “Housing Crisis” for a reason. When we discuss the insane San Francisco housing market, it’s usually in terms of median asking rents ($4,680 a month for a 2-bedroom), the median single-family house price ($1.7 …
by John Rubino Housing bubbles proceed in fairly predictable stages. Stage One is long and (initially) slow, fueled by excess central bank money creation or foreign demand or some other source of liquidity that encourages large numbers of people to …
by stockboardasset The supply of homes for sale in the second quarter of this year, the all-important spring market, rose at three times the rate of last year, according to Trulia The supply of homes for sale is still down 5.3 …
What do you think is the biggest risk right now in Australia? Australia Real Estate Bubble Will Collapse As Housing Price Rise and Unsustainable Debt Levels! Australia has been rather quiet since the Global Financial Crisis. Their activities have …
By Harry Dent I’ve been ranting for weeks now about it… People don’t understand that sky-high home prices are bad for countries, cities, businesses, and consumers. And only the 62% of people who already own homes are feeling the “bliss” …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter After the blistering spike earlier this year. In San Francisco, the median price of a single-family house (we’ll get to condos in a moment) soared by 11% in June compared to a year ago, or by …
https://www.youtube.com/watch?v=PbsLsYKsMqY
by Dave Kranzler of Investment Research Dynamics The XHB homebuilder ETF is decisively below three key moving averages after it knifed below its 50 dma last week. KB Homes reported a big earnings and revenue “beat” on Thursday after the market closed. The …
by Dana Lyons Back in January, we noted that one sector that had been on fire — housing stocks — was potentially at risk of cooling off. At least, that was our read on the group based on the chart of the …
A massive survey of recent homebuyers reveals all. By Stephen Punwasi, Better Dwelling: Have you ever woken up after a night of drinking, and only had a vague recollection of what happened? Then your responsible friend sets off a chain of …
by Shaun Richards This morning has brought news of something which would bring a chill to the heart of any central banker. It comes from China as we note this from Reuters. So far this year, the Shanghai stock index …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Historic spikes in Seattle and other metros. But New York condos skid. Prices of houses and condos across the US surged 6.4% in April from a year earlier (not seasonally-adjusted), and a sharp 1% from March, …
Canada’s housing market goes from boom to bust (Link to article below) http://www.cbc.ca/news/business/crea-…
It’s not subtle: Home sales plunge, inventory jumps, prices begin to react. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: With National home sales declining by 16% year over year in the month of May, marking the worst year over year decline since May …
by stockboardasset In April, an op-ed in The Wall Street Journal titled “So Long, California. Sayonara, New York,” published by conservative economists Arthur Laffer and Stephen Moore, warned about a provision within the brand- new tax bill that could trigger …
by stockboardasset Since 1988, the Joint Center for Housing Studies at Harvard University has provided an overview of housing market conditions in the United States. As the report marks its 30th anniversary, this year’s report suggests the housing market is overbought, immobile, and …
by John Rubino Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now above $600,000, up 9% year over year. In San Francisco County, homebuyers are paying …
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 slipped 0.4% MoM (and were revised lower in April), well below …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Despite persistent and false memes to the contrary. When a housing downturn gets big enough, there will be a mortgage crisis, and it will hit banks, shadow banks, and mortgage insurers no matter what the mortgage …