via confoundedinterest: Affordable housing policy in the US is a mess. As I mentioned at the American Action Forum meeting on the future of the GSEs yesterday, the housing market today reminds me of the housing market from the 2000s … …
ARTIFICIAL SCARCITY So housing prices are making new highs because of a “lack of inventory,” but homeownership rates are at 1980s levels. At least in #housingbubble1 the prices moved in lock step with ownership. Now due to artificial scarcity the …
Josh Sigurdson talks with author and economic analyst John Sneisen about the ill fate of the Chicago, Illinois housing market as Chicago leads the United States in underwater homes. A recent report from Zillow shows Chicago leading the country with …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The “waterbed effect” of money flows. Top residential real estate brokerages in the US have been promoting US homes to investors in China for years. Brokerage firms in Canada, Australia, New Zealand, and other countries have …
by Dave Kranzler of Investment Research Dynamics The National Association of Realtors released its monthly “Pending” home sale report for April this morning. It fell 1.3% from March. The Wall Street analytic “brain trust” was looking for a 0.4% gain. The housing data …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Buyers are not rushing to put their name on any contracts if they fear that a property might be overpriced.” In Sydney, home prices had jumped over 80% from the end of 2009 through the peak …
Josh Sigurdson talks with author and economic analyst John Sneisen about the risks the Canadian housing market are seeing as the bubble continues to gain pressure all while interest rates rise. Prices have been rising dramatically in many local housing …
“Mum & dad are lending money to their kids so their kids can afford to pay the prices demanded by mum & dad & their friends. It’s like a giant Ponzi scheme but where the victims are your children.” By Don …
by David Haggith It’s simple math — an equal and opposite reaction. After a long spell of QE took mortgage interest down to the lowest it has ever been, a long spell of QT (quantitative tightening) is going to take it …
via investopedia: The housing market in the U.S. could enter a recession in under five years, with online real estate company Zillow predicting that it will happen in 2020. In a research report in which Zillow polled 100 real estate experts and economists about …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Some beautiful spikes too. Prices of houses and condos across the US surged 6.5% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for March, released today. The index …
by John Rubino The early stages of a housing bubble are fun for pretty much everyone. Homeowners see their equity start to rise and feel smart for having bought, home seekers have to pay up, but not too much, and …
https://twitter.com/OccupyWisdom/status/1000915119956688896 https://twitter.com/OccupyWisdom/status/1000588030405742593 https://twitter.com/OccupyWisdom/status/1000583006069907457 A Liquidity Crisis of Biblical Proportions Is Upon Us: https://t.co/BMAeAo28KP by @JohnFMauldin $LQD $HYG pic.twitter.com/Vu0TzJ731s — Jesse Colombo (@TheBubbleBubble) May 18, 2018 The proportion of global nonfinancial companies with junk ratings has surged by 58% since 2009, …
https://twitter.com/OccupyWisdom/status/999665430351482881 Delinquency rates on store-branded credit cards have reached a seven-year high, according to credit bureau Equifax, possibly signaling broader troubles for household debt down the road. https://t.co/L4dWkVGF5C — Jesse Felder (@jessefelder) May 24, 2018 https://twitter.com/OccupyWisdom/status/999665966006095872 Delinquency rates on store-branded …
by Tom McClellan For a few years now, I have been employing lumber prices as a leading indicator for what the homebuilding sector of the stock market would do, and it has worked pretty well. But lately the correlation is broken, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The impact on homebuyers and the market, in dollars and cents. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment jumped to 4.86% for the week …
from C. P. Chandrasekhar and Jayati Ghosh Even while optimistic assessments of growth trends in the global economy proliferate, concerns that the unwinding of inflated asset price markets could abort the recovery are being expressed. Interestingly, there appears to be a substantial degree …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Plenty of homes for sale, at ludicrous prices for what you get. But asking prices are now getting “reduced.” Zillow sends me a daily email with 18 “recommendations” about what kind of home to buy in …
by WARREN MOSLER Pretty much as expected. These numbers are not adjusted for inflation, which is running around 2%: Highlights Consumer spending was weak in the first quarter and the first look at the second quarter is no better than …
BY SRSROCCO Most Americans don’t know, but the housing market is heading toward another epic bubble. However, the bubble forming today is much different than the subprime housing meltdown in 2007. Back in 2007, there was an oversupply of homes, whereas …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Prices boil over in some cities and hot air hisses out of others. So how is the luxury housing market doing in the top cities around the world, as they’re facing “significant risks ahead in the …
Guest post by csp256 There is only so much you can do to minimize taxes, but here are the two biggest ways: Contribute the maximum to your 401k (there are several ways of accessing it early; don’t worry) Get a …
A housing developer with multiple properties in New Jersey is warning that tenants who possess, store, or carry firearms on their developments will face a “notice to vacate.” The developer, RPM Development Group, issued a notice of the policy to …
from Zero Hedge It is official. Consumers in Colorado appear to be tapped out. This comes at a time when the recovery is now tied for the second-longest economic expansion in American history. The stock market is near an all-time high, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months. Home sales in the Greater Toronto Area (GTA), Canada’s largest housing market, and among the most inflated in the world, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The average interest rate for 30-year fixed-rate mortgages with conforming loan balances – $453,000 or less – and a 20% down-payment jumped to 4.73% for the week ending April 20, from 4.66% in the prior week, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Prices of houses and condos across the US surged 6.3% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for February, released this morning. The index is now 6.7% …
Josh Sigurdson talks with author and economic analyst John Sneisen about the British mortgage market as the Bank of England warns of some clear instability. Of course housing markets are localized, but it appears there are problems across the board …
https://youtu.be/RZhE_jvNKhY Sweden, Australia, California, Canada etc… this is what happens when u open up the floodgates. AC
by stockboardasset Silicon Valley, the southern region of San Francisco Bay Area of California, is arguably the most expensive place in the United States to live. At the epicenter of all this, Palo Alto is a breeding ground for many unicorn …