Josh Sigurdson talks with author and economic analyst John Sneisen about the major bubble burst on its way to New York’s real estate market as U.S. home prices reach 1% off of their 2006 highs. We all know what happened …
Josh Sigurdson talks with author and economic analyst John Sneisen about the crashing Toronto real estate market as house prices drop harder than they have in 30 years. March sales in Toronto dropped 40% from last year, the lowest since …
by Dave Kranzler of Investment Research Dynamics A subscriber from Canada emailed me last night about the Canadian housing market: “Toronto and Vancouver sales down 40% and 30% YoY respectively. Prices are still up in Vancouver but down 14% in Toronto. I don’t …
by John Rubino Real estate tends to ride an emotional rollercoaster, as anyone who made it through the 2000s can attest. But in some ways the current market is even stranger than those of past cycles. Consider: Home buying market …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Condo price volatility causes whiplash. But the single-family house price surge is just crazy. Get this: The median price of a single family house in San Francisco in March soared by 25% year-over-year, or by $337,500, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Prices of detached houses plunge C$207,000 from a year ago as sales collapse. After having ballooned for 18 years with barely a dip during the Financial Crisis, Toronto’s housing market, Canada’s largest, and among the most …
Liberals looking to legislate a Right to Housing (Link to article below) http://www.cbc.ca/news/politics/liber…
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Some flat spots disappear, new ones form. Prices of houses and condos across the US rose on average 6.2% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for …
$150k for dream home. https://www.zillow.com/homedetails/470-Valley-View-E-Dr-470-Indianola-UT-84629/2090669859_zpid/ For a US economy that has a razor-thin cushion of saving, dependence on rising asset prices has never been more obvious Household Debt Sees Quiet Boom Across the Globe AC
Josh Sigurdson talks with author and economic analyst John Sneisen about the alarming plunge of the Toronto real estate market as we’ve seen a plunge of about 17% in home value since April, 2017 when the market saw a 30% …
Josh Sigurdson talks with author and economic analyst John Sneisen about the alarming nature of San Francisco’s housing bubble as it gets close and closer to bursting. Some tell tale signs of the inevitable bubble burst is the fact that …
via Markos Kaminis SUMMARY Tariffs and the possibility of an escalating trade war threaten the profitability of homebuilders, the housing recovery and the affordability of homes. It appears rising costs of home construction is playing a role in rising home prices, …
THE OLD NORMAL #QE & #ZIRP drove yields lower, caused herding into risk assets. It funded the least qualified borrowers/corps helps explain why CPI has exploded (yet) With rates rising & #QT, does this loop continue ? The below trend …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter They shot up by far the most in Dallas. Manhattan turned south last year. Among the 100 largest cities in the US, where did home prices soar the fastest over the past five years since 2012? …
by DukeofVermont I can explain in brief and broad terms but I’d suggest reading up on somewhere like BBC, the Economist, etc for better info. (I’ll try to link to the articles where I’m pulling numbers) forbes A lot of the Chinese …
Australian housing market bursting? pic.twitter.com/HIDbL1IVOs — Alastair (@StockBoardAsset) March 1, 2018 National property report: Housing prices slip for fifth straight month Australian house prices have posted their slowest annual growth rate since 2016, as Sydney prices dropped for the first time …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A story of spikes and new flat spots. Home prices on a nationwide basis rose 6.3% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for December, released this …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Surging home prices have primed the housing market for this. The average interest rate for 30-year fixed-rate mortgages with a 20% down-payment and with conforming loan balances ($453,100 or less) that qualify for backing by Fannie …
Deja vu – Canada’s Housing Market looks a lot like US prior to collapse (Links to relevant articles below) http://www.cbc.ca/news/business/mortg… http://www.cbc.ca/news/business/banks… http://www.cbc.ca/news/business/treb-… http://www.cbc.ca/news/canada/toronto…
via Bill McBride Last year on Presidents’ Day, I excerpted from a post I wrote in February 2005 (yes, 13 years ago). In that 2005 post, I included a graph of household mortgage debt as a percent of GDP. Several readers …
by Lance Roberts Last week, John Coumarianos penned an interesting piece discussing the surge in home prices over the last few months. To wit: “The psychological factors are harder to assess. People aren’t flipping condos for sport the way they were …
Local tenants vs. global capital in search of assets. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Spain has become a difficult country for many tenants. In the most populous provinces rents are rising ten times faster than salaries. …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But some flat spots are showing up! Just after I reported on the minuscule 1.4% year-over-year growth of per-capita “real” disposable income and the lowest saving rate in 12 years — for the lucky ones — there’s another …
Rates already up a half of a point in last two months. So the Simpson show was correct. It predicted Trumps win and subsequent crash in the economy. Now if you doubt this you must think the buyers of our …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Since the Financial Crisis, the number of renters surged at a blistering pace, and renters became a majority in 42 cities, but the trend has now reversed. The number of people living in rented housing in …
Authored by John Mauldin via MauldinEconomics.com, Excerpted from “A Fly In The Ointment?” Repeating History History never repeats, but sometimes it rhymes. The trigger for our last recession and financial crisis was an excessively leveraged US housing sector. Other factors contributed, …
US housing, jobs and the economy are going to decline rapidly. The entire economic system is based on an illusion, the housing market has been pumped up, the unemployment number are manipulated and the economy is in the worst shape …
Authored by Chris Hamilton via Econimica blog, I recently wrote an article explaining why a 30% to 50% decline in household net worth is imminent (HERE). No shocker that the primary asset for most in figuring household net worth is …
Variable-rate mortgages, the HELOC phenomenon, and new stress tests meet higher rates. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: The Bank of Canada raised interest rates another 25 basis points last week. It was the third time in the past …