With slowing growth & higher inventory home prices are heading lower.
via @GS_CapSF: Home prices apparently falling in Silicon Valley/Palo Alto per Core logic. Pull fwd of demand now seeing vacuum & construction declining.
inventory
How the Inventory Pileup Boosted Q1 Blowout GDP and What Carmageddon Has to Do with It
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A six-quarter surge, with first signs that some of it has started to unwind. The inventory pileup I have been discussing for a while played a big role … Read more
China Car Sales v Dealer Inventory (SocGen)
#China Car Sales v Dealer Inventory 😳 (SocGen) pic.twitter.com/zoXVQZ7P8O — 𝕮𝖍𝖎 🛢️ (@chigrl) April 7, 2019 pic.twitter.com/Ob1bQSB6r7 — Alastair Williamson (@StockBoardAsset) April 7, 2019
Worsening Inventory Pileup Rattles Goods-Based Economy
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And how it compares to what happened during the Financial Crisis. The goods-based segment of the economy is heading for rough waters, and it is further … Read more
Inventory Pileup Sounds Alarm for Goods-Based Economy
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “In 30 years, I’ve never seen anything like this”: CEO of warehouse operator Pacific Mountain Logistics. Sales at merchant wholesalers (except manufacturers’ sales branches and offices) fell … Read more
US Housing Inventory Is Ramping: Now Prices Have to Come Down. Way Down
via Zerohedge: After NAHB’s optimism rebounded sharply earlier this week, all eyes are on this morning’s existing home sales data for any signs of optimism. Alas, with consensus expecting a … Read more
Things that make you go hmmm…US crude oil inventory quite bearish, home builders dropping prices, falling demand for residential mortgages … except subprime
US crude #oil inventory report was quite bearish, with biggest weekly stockpile increase since early 2017@EIAgov @Investingcom @SoberLook pic.twitter.com/T8TShDeJSs — Liz Ann Sonders (@LizAnnSonders) November 17, 2018 Home builders dropping … Read more
New Home Inventory Forecasts A Recession
via UPFINA It seems like almost every new data point on housing shows weakness. That’s because even though millennials are entering their prime age for home buying, starter homes have … Read more
US Single-Family Home Inventory up 86% Y-o-Y in October; Condominium Inventory up 188%
via zerohedge: This is how housing markets turn. Slowly, then all at once. Seven years of Seattle home prices outpacing wage growth because of low rates; bidding wars replaced by sales … Read more
Real Estate SLOWDOWN Coming as Inventory PILING UP! Canada Can’t Handle the Massive Debt!
Do you think that Canada’s real estate is too expensive? Or should we just take off to our igloo’s, eh?
50 US Metro Housing Areas See Double-Digit-% YoY Inventory Increase
via confoundedinterest: Since 2007, the inventory of existing homes sales has generally declined while median prices have skyrocketed. And home price growth has been exceeding wage (earnings) growth by around 2x-3x. … Read more
NYC Home Inventory Piling Up… California gains just 800 jobs in June
Even the cheapest homes are waiting for buyers Units for less than $1 million — within reach of far more people than a Billionaires’ Row penthouse — are hurting for … Read more
The Government WILL Take Your Supplies: Venezuela is Seizing Cattle and Inventory
by J. D. Martinez D., The Organic Prepper Something has been happening in Venezuela these last few days: the seizing of cattle, food, and staples from the production sites, by … Read more
Fund Manager: No, The Falling Housing Market Isn’t About ‘Tight Inventory’
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 … Read more
Inventory to sales ratio, New economic adviser, Tax refunds
by WARREN MOSLER Still elevated: Didn’t take him long to sell out: Federal tax refunds have caught up which may have slowed spending in Feb:
Whole Foods’ fragile workers driven “to tears” over just-in-time inventory system put in place by Amazon
by: Vicki Batts (Natural News) Millennials around the U.S. have garnered a reputation for their aversion to the American ethos of hard work and pulling yourself up by your bootstraps. … Read more