On September 12, Russian President Vladimir Putin stated that, given mounting economic sanctions, full “de-dollarization” of the Russian economy is only a matter of time.
Newsfeed: What Does The Yuanization Of The Russian Economy Mean For The Dollar? Read More »
The rental market of 2022 looks nothing like 2021. With 2022’s 3rd quarter almost in the books, a number of indicators suggest the once blazing-hot rental housing market is cooling off dramatically.
Newsfeed: The U.S. Rental Housing Market is Cooling Off Fast Read More »
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
With mortgage rates soaring (now shockingly above 7% amid the fastest rise in history), it’s no surprise that analysts expected pending home sales to slide further in August (latest data) and they were right. Pending Home Sales fell 2.0% MoM (more than the 1.5% MoM decline expected) pushing the index down 22.5% YoY…
Newsfeed: US Pending Home Sales Tumbled To 11 Year Lows (Ahead Of Recent Rate Spike) Read More »
The latest real-time rent data from the property research firm CoStar Group shows apartment rents in the US are fading from record highs for the first time in almost two years, according to WSJ.
Newsfeed: Nationwide Rents Drop For First Time In Two Years Read More »