US home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist warned in a note to clients on Tuesday. Ian Shepherdson, a chief economist at Pantheon Macroeconomics, noted that single-family …
by Michael Under normal circumstances, this would never happen. Normally, you would never have raging inflation and a housing crash at the same time. But thanks to the Federal Reserve that is precisely what we are now facing. The Fed …
by Doug French via Mises The Federal Reserve has declared its program of monetary expansion (formerly referred to as inflation) over in an effort to fight rising prices (currently referred to as inflation). As Murray Rothbard explained, “Government intervention brings about bank expansion …
The rich are now paying attention to prices and their income, lament high-end agents in hotspots like Miami and San Francisco. “It’s pretty sudden,” one said. After a decade of feeling invincible, the tech industry is suddenly facing something new: …
by Boo_Randy Kiwi sheeple who elected the globalist stooge Jacinda Ardern are reaping what they voted. https://www.macrobusiness.com.au/2022/07/ardern-and-new-zealand-housing-market-face-shared-doom/ The Post’s Tom Chodor has delved into why support for New Zealand Prime Minister Jacinda Ardern has collapsed domestically at the same time as the world …
by confoundedinterest17 Instead of The Boston Strangler, we now have the DC Strangler. Better known as The Federal Reserve and their war on inflation. US existing home sales crashed -14.24% YoY and -5.40% MoM in June as The Fed tightens its …
Source: https://t.co/HVtC7WTbDG — The_Real_Fly (@The_Real_Fly) July 20, 2022 Mortgage demand dropped to a 22-year low as higher interest rates and inflation depressed homebuyer demand. — Markets & Mayhem (@Mayhem4Markets) July 20, 2022 There goes housing. https://t.co/PSzKfSXlhp — Sven Henrich (@NorthmanTrader) …
by confoundedinterest17 The US is goin’ down. At least in terms of housing supply growth. The US is short on supply of housing for a myriad of reasons (high costs, Not-in-my-backyard (NIMBY) local zoning laws, etc), but The Fed’s cranking up …
by by Boo_Randy Housing headwind just beginning. Inventory setting a record at same time mort apps are collapsing. https://t.co/EbwACAiTMh — warren bachman (@warrenbachman1) July 18, 2022 Bank of America, $BAC, now forecasts 4 straight quarters of negative real GDP growth. — …
by confoundedinterest17 Housing in the US is simply unaffordable for the middle class and low-wage workers. Combine rising food costs and gasoline/heating costs, and we have an economic disaster on our hands. US existing home sales for June will be released on Wednesday. …
Austin is not the only one. Dallas, Phoenix, Boise, Tampa also setting monthly inventory records. Check out https://t.co/T5AunQYjfL's data set to see for yourself. https://t.co/KfJP3C3Y7H pic.twitter.com/H6doa9N9Y8 — Nick Gerli (@nickgerli1) July 10, 2022
by Chris Black Just remember: you’re sticking it to Putin. JUST IN – Vonovia, Germany's largest housing group, begins to throttle its tenants' heating at night to save gas, a spokeswoman said. Hundreds of thousands are affected, Berliner Zeitung reports. …
by Boo_Randy Don’t look now, but the insane housing bubbles blown by 14 years of central bank ultra-easy monetary policies are starting to burst. As in 2008, this is going to be the catalyst for the next Great Financial Crisis …
by Boo_Randy Anyone stupid enough to have bought into the Fed’s insane Housing Bubble 2.0 over the past two years is going to get their head handed to them when it all comes crashing down. Got popcorn? https://wolfstreet.com/2022/07/01/housing-bubble-getting-ready-to-pop-pending-sales-plunge-in-june-homes-listed-for-sale-jump-price-reductions-spike-amid-holy-moly-mortgage-rates/ Pent-up supply …
🔥Well that was fast. Phoenix, AZ now has MORE Homes for Sale in 2022 than it did at Pandemic Start. +125% Inventory Surge in 2 Months. Buyers are gone. Sellers are desperate. This is what start to a Housing Crash …
by Charles Hugh-Smith Putting this all together, it’s clear that the source of the current housing bubble is the explosion of financial speculation fueled by central bank policies. Those benefiting from speculative bubbles have powerful incentives to deny the bubble …
When St. Paul’s rent control ballot measure passed in November, it contained a unique provision for national rent control policies: there was no exception for new housing construction. Typically, in order to make sure that new homes still get financed …
#Update:San Francisco: Mortgage payments on a typical home are now $8,117 per month. Up 52.8% in one year. San Jose: Mortgage payments on a typical home are now $9,136 per month. Up 57.1% in one year. Source: @zillow — scott …
by Boo_Randy https://www.eastbaytimes.com/2022/06/18/when-a-buyer-cancels-the-deal-who-gets-the-deposit/ Q: My husband is a real estate agent. Last week, the realty firm where he works had five sets of homebuyers cancel their home sales. My husband’s homebuyers canceled first. It’s infuriating. He worked on behalf of …
by Boo_Randy Just when you think the Keynesian fraudsters at the central banks couldn’t possibly be any more reckless and irresponsible with their monetary malpractice, they go and prove you wrong. The BoE, after blowing one of the most insane …
by BtcKing1111 In the last 2 months alone, housing prices have fallen 9%. Buyers are unable to secure mortgage, because by the time they go to close, bank’s home appraisal shows the value has fallen drastically. More and more buyers …
by Chris Black I suspect the “institutional investors” in housing (Blackrock, Vanguard, the usual suspects) are just fine with the state of affairs. And that’s not a good thing. You will own nothing…you know the drill. US #Property Market Officially …
In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut. Mortgage rates have taken off since the start of this year, rising from 3.29% in early January to …
by SilverBoatSurfer Mortgage Rate Hit 6.28% Today. Real Estate Market About to Get Interesting. Property prices PLUNGE by up to 20% across parts of US as buyers shun the market amid ‘Bidenflation’ and spiking interest rates Wait for it: here …
by Michael It is often said that those that refuse to learn from history are doomed to repeat it. More than a decade ago, the Federal Reserve created the most epic housing bubble in American history and everyone was happy …
‘I don’t think that home sales are going to grind to a complete halt. They’ll just slow. People will still be able to sell homes, but it may take you just a little bit longer than what it’s been.’ — …
Housing prices are about to enter a significant contraction as rising home prices and high interest rates are turning buyers away. The biggest leading indicator of the housing market is the stock market, which is heading lower.
Howe Street, Released on 6/9/22 Rick Ackerman is the editor and publisher of Rick’s Picks, an online service for traders from novice to expert. He has been trading himself for more than 40 years, a dozen of them as an options …
by SilverBoatSurfer We are now hearing of a global housing market implosion. Which will be the mother of all housing crashes. Our so-called leaders are TOTAL idiots. They just never admit it. pic.twitter.com/QGBwL7GBxm — Mac10 (@SuburbanDrone) June 9, 2022 Housing …
