The math is truly daunting for would-be homebuyers: The difference between the mortgage payments and rents is the largest it’s been since the 2006 housing bubble that led to the Great Recession.
National home prices fell for 6 straight months up to December (the latest data from S&P Global’s Case-Shiller index), dropping more than expected (-0.51% MoM vs -0.40% MoM exp). This slowed the annual growth of prices to the weakest since July 2020…
Newsfeed: US Home Prices Tumbled For 6th Straight Month In December Read More »
US Home Prices, based on S&P Global’s Case-Shiller data, fell 0.52% MoM in October (the latest data available released this morning), slightly better than the 1.1% drop expected. This slowed the YoY growth 8.64% from 10.4% YoY…
Newsfeed: US Home Prices Tumbled For 4th Straight Month In October Read More »
House prices are sliding, and sales are plunging as the Federal Reserve hits the pause button on quantitative easing this year with the most aggressive interest rate hikes in four decades to cool the red-hot housing market spurred by low interest rates and tight inventories during the pandemic.
Newsfeed: Redfin Fires 13% Of Staff, Exits House Flipping As Downturn Accelerates Read More »
After tumbling for the first time since 2012 in July, Case-Shiller’s 20-City Composite Home Price index was expected to drop even faster in August (the latest data available) as mortgage rates soared, crushing affordability.
In a recent article published by CNBC, famed economist Robert Shiller (yes, that Robert Shiller of the oft-referenced Case-Shiller index) is quoted as saying he thinks stocks are a better investment than real estate over a lifetime. REALLY??? That’s like kicking a sleeping dog. So we got up off the couch and decided to do
12/14/14: Stocks or Real Estate – Which is a Better Investment? Read More »