Guest post from John Rubino: Between 2020 and 2022 houses in America’s hottest real estate markets went from unaffordable to 50% above unaffordable. Put another way, they did what would have been impossible in an economy where market forces determined …
By Dhaval Joshi, of BCA Research Quietly and off most people’s radar screens, US residential fixed investment (home building) has slumped by 20 percent in the past year – a rate of decline that puts it on a par with the …
by BoatSurfer600 “US Housing Market Posts $2.3 Trillion Drop, Biggest Since 2008” (BLOOMBERG) US HOUSING MARKET POSTS $2.3 TRILLION DROP, BIGGEST SINCE 2008 — FXHedge (@Fxhedgers) February 23, 2023 The US housing market has dramatically slowed down with higher rates. …
h/t DesmondMilesDant
Raad Yousif drives his pickup truck past cactuses and sandstone cliffs, hunting for Phoenix’s best real estate bargains. On this December weekday, he pulls into a subdivision of blocky pueblo-inspired town homes from the 1970s, the bare, dusty landscaping evoking …
Development (HUD) is taking steps towards requiring state and local governments to submit “equity plans” to the federal government to display compliance to fair housing rules. President Biden’s HUD submitted a proposed rule that would require local governments to submit …
Single family permits imploded -6.5%, down to 730K SAAR from 781K, lowest since May 2020. Housing so unaffordable nobody even bothering to build it. pic.twitter.com/oNl7VjfEGl — zerohedge (@zerohedge) January 19, 2023
https://twitter.com/TopFinanceTakes/status/1615708476315152384 A historic number of newly built homes will flood the market into the worst demographics in US history. What could go wrong? pic.twitter.com/pCdrP4rRSD — Darth Powell (@VladTheInflator) January 17, 2023 BREAKING: Commercial real estate vacancies in San Francisco are …
https://twitter.com/WallStreetSilv/status/1615106629178990603
by Shanobido47 https://www.dailymail.co.uk/news/article-11631687/The-alarming-figures-generation-Brits-locked-housing-market.html
2/8 Monthly mortgage payments have shot to the moon as interest rates more than doubled. pic.twitter.com/UR1xgMEPKZ — Jeff Weniger (@JeffWeniger) January 12, 2023 4/8 I’m going to keep showing this until everyone fully understands the situation. The move-up buyer can't …
by confoundedinterest17 As we begin 2023 (and I am still bummed-out over Ohio State University losing a nail-bitter to Georgia in the Peach Bowl), we need to look at the condition of one of the most important sectors of the US …
by Dave Kranzler of Investment Research Dynamics The following analysis was presented earlier this month in the Short Seller’s Journal. I agree with the title quote but it’s not mine. The CEO of luxury furniture retailer, Restoration Hardware ($RH), commented on the Company’s Q3 …
A new lawsuit has been filed challenging Seattle’s “Mandatory Housing Affordability” ordinance because it makes housing unaffordable in the city. The case is being brought by the Institute for Justice on behalf of Anita Adams and her family. The idea …
Totally agree. I talked about the 3 signs of a coming earnings recession here:https://t.co/PM3J75GJk4 — Mosaic Asset (@MosaicAssetCo) December 21, 2022 Recession probability model from @NewYorkFed has climbed beyond its 2020 peak (by narrow margin) and is now at its …
Know that the City of Toronto is now enforcing the 180 nights short term rental maximum allowance. They will investigate you and audit you if they catch you. And it’s highly likely they will. Not even worth taking the risk. …
For 2023, look out below for any regional housing market that sold more than 40% of homes to investors in 2021https://t.co/MciEKvwkIA — Amy Nixon (@texasrunnerDFW) December 17, 2022 h/t Boo_Randy
by BoatSurfer600 That eight-month drop in the benchmark price from March of 16.4% was by far the largest eight-month drop in CREA’s data going back to 2005 Look out below!
by Michael Here we go again. When the housing market crashed in 2008 and 2009, large numbers of U.S. homeowners ended up owing more on their mortgages than their homes were worth. When the Federal Reserve started to aggressively hike …
As US home prices soared out of reach for many Americans, some corners of the country that used to have affordable housing markets have seen some of the steepest increases. In 75 cities, home prices that used to rank better …
This is the fifth consecutive month of of month-over-month declines, and pending home sales have now fallen in 11 of the last 12 months.https://t.co/895uWSQ2Hd — HousingWire (@HousingWire) November 30, 2022 First-time homebuyers priced out by speculators and corporate “investors” flush …
There hasn't been a single substantive question about the unprecedented increase in the money supply at any FOMC press conference in the last few years. An abject failure of the mainstream financial media in ignoring one of the most import …
Is this what "stable prices" look like to you? @federalreserve @MaryDalyEcon @RaphaelBostic @neelkashkari @SenateBanking @SenSherrodBrown Just looks like you stole HOMES from young families in order to line the pockets of old people and speculators. https://t.co/75oBxhqIbM — Darth Powell (@VladTheInflator) …
by Michael I am extremely concerned by what I am seeing in the housing market. When the Federal Reserve decided that it was going to start aggressively hiking interest rates, it was obvious that there would be a housing crash. …
Home Builder Buyer Traffic just hit early-2008 Levels.📉 I'm not sure people have fully grasped how bad this Housing Recession/Crash is. pic.twitter.com/M4QTuwO9Yx — Nick Gerli (@nickgerli1) November 16, 2022 Many of these same stubborn sellers existed in 2007-08. Thinking that …
https://twitter.com/backtolife_2023/status/1591506506536882177 https://twitter.com/Lauren_Southern/status/1592219596089872384 Gotta make room. Ottawa reveals plan to welcome 500,000 immigrants a year by 2025 https://www.ctvnews.ca/politics/ottawa-reveals-plan-to-welcome-500-000-immigrants-a-year-by-2025-1.6133962 h/t BFD
