Zillow stopped their home buying program…losing their shirts. They arguably have the best information on real estate. OpenDoor is the largest company in the US that buys and flips homes. Their stock is down over 40% now recently. 20 to …
by confoundedinterest17 Welcome to The Fed’s Gilded Age … for housing! The gilded age refers to the thin-veneer of gold covering up problems in the late 1800s. Today’s gilded age is largely fueled by The Federal Reserve’s uber-easy monetary policies combined …
Houses under control has surpassed housing bubble peak 👇H/T @SoberLook pic.twitter.com/dHofrJT5D5 — Menthor Q (@MenthorQpro) November 18, 2021
BY JOHN RUBINO Since we’re in the “everything bubble,” it kind of follows that real estate, one of the things about which people with more money than sense tend to get most excited, would be rocking. And it is. But bubbles …
It’s only been a week since voters in St. Paul, Minnesota, approved a sweeping rent control ballot initiative, but developers are already pausing projects while city leaders scramble to amend the most harmful aspects of the new law. In last …
ZILLOW laying off quarter of staff… Real estate website Zillow will lay off nearly one-quarter of its staff as it prepares to stop buying and selling homes, according to The New York Times. The company made the announcement on Tuesday, citing heavy …
by laflammaster Caption: SLABS https://www.fitchratings.com/research… Caption: Details of SLABS https://www.fitchratings.com/research… [Contagion] Housing downgrades hit UK today. Origin receives financial support through grants from Homes England (HE) and the Greater London Authority (GLA).
by Jan Nieuwenhuijs via The Gold Observer Housing prices in Amsterdam, corrected for inflation, have never been this high since recorded history. Next to low interest rates, the cause of rapidly rising prices is a feedback cycle between banks and consumers having become …
Oxbow Advisors, Released on 10/25/21 “Right now, in America, politics is economics.” Ted Oakley, the founder of Oxbow Advisors and co-founder of its predecessor firm, HPO Advisors, has over thirty-five years of experience in the investment industry. The “Oxbow Principles” and the …
by confoundedinterest17 US housing starts slowed in September to at a -1.58% MoM rate. Permits dropped 7.67% MoM. Now that interest rates are expected to rise … in late 2022, we may be a slowing in the housing market. Here are …
The Fed started cutting rates in mid-2007 to buffer the housing collapse. Which is why by Sept. 2008 they were more worried about inflation than the collapsing bubble. They were fooled by their own policy. The same thing is happening …
(Bloomberg) — The risk of housing bubbles across Europe has accelerated as the pandemic sparked a global spending spree on larger living spaces that was turbocharged by central banks’ aggressive stimulus.Most Read from BloombergWith Frankfurt topping the list, European cities …
From Birch Gold Group The housing market is on the verge of spinning out of control. Just about everything that could be going wrong is going wrong. The only holdout for the moment is home prices, which are up an astonishing 22.5% just this year. For …
Image credit: Creative Commons (CC0) From Birch Gold Group The housing market is on the verge of spinning out of control. Just about everything that could be going wrong is going wrong. The only holdout for the moment is home prices, which are up an …
https://twitter.com/Econimica/status/1446159955615043584 Cars, housing (below), stocks, etc. all being centrally engineered via ZIRP, QE, stimulus, etc. to artificially induced “inflation” against organically decelerating/declining demand. Just check Japan’s QE/housing charade to c where we’re going.
by confoundedinterest17 I have a new term for consumers that get beaten-up by The Fed’s massive distortion of markets. I call this being “Powell’d”. The latest example of consumers getting Powell’d in the University of Michigan consumer survey. Buying conditions for …
by confoundedinterest17 Phil Hall of Benzinga wrote a series of excellent articles in four parts for MortgageOrb (although “The Orb” has removed his name). Here are the links to his stories. https://mortgageorb.com/the-fall-and-rise-of-the-housing-market-part-one https://mortgageorb.com/the-fall-and-rise-of-the-housing-market-part-two https://mortgageorb.com/the-fall-and-rise-of-the-housing-market-part-three https://mortgageorb.com/the-fall-and-rise-of-the-housing-market-part-four After re-reading these excellent articles on the housing bubble and …
CNBC, Released on 9/21/21 CNBC’s “Squawk Box” team discusses Evergrande’s debt burden and whether it is a symptom of deeper China issues with Kyle Bass of Hayman Capital Management. Kyle Bass is an American hedge fund manager. He is the …
But it won’t affect the private gated communities of the wealthy: https://archive.ph/p7khk
The US is facing one of the most painful housing crises in history as home prices soar to unprecedented levels and rents have been aggressively rising, putting millions of Americans on the edge of eviction. The massive wave of pain …
Watch the latest video at foxbusiness.com The summer doldrums may have hit the housing market. Demand for mortgage applications fell 1.9% from a week ago, according to the Mortgage Banker’s Association’s survey. GET FOX BUSINESS ON THE GO BY CLICKING …
By Michael Lebowitz There is a problem with the BLS’ housing inflation measure; it’s hypothetical “Bull****.” The Case, Shiller 20-city House Price Index, is up 19.1% year over year. The only period with a somewhat comparable increase was in 2005 when it …
Ivan Kaufman, Chairman & CEO of Arbor Realty Trust, joins Yahoo Finance’s Brian Cheung to explain the increased demand for both renting and owning real estate.
from Kerry Lutz’s Financial Survival Network All of the madness is coming to a head in the housing market, so today, Wolf Richter and I get on the podcast to discuss what exactly is happening with buying and selling homes as a result …
Owners’ equivalent rent of residences, which makes up almost a quarter of the consumer price index, rose 2.4% in July from a year earlier versus reality where rents on newly signed leases surged 17% in July when compared to …
by confoundedinterest17 The ball is in the court of The Fed, the Biden administration (HUD) and Congress. Will they take action? There will be more housing inventory hitting the market soon. As home prices are up and most are no longer …
After a dramatic rise, the price of lumber has plummeted. If you’re a homeowner, or anticipate buying or selling a house, here’s an insight that you need to know.
by confoundedinterest17 I wonder if the US House of Lords (aka, the US Senate) is paying attention to anything other than how much money that can spend … that we don’t have. Ah, the magic printing press! But printing that much …
by confoundedinterest17 (Bloomberg) While U.S. homeowners may be celebrating their good fortune as home prices surge higher at a blistering 17% year-over-year clip, history suggests the end of quantitative easing will cool things off. A healthy housing market wouldn’t exhibit the out-sized …
