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 »
Back in September, when looking at various leading rental market indicators, we reported that “Manhattan Apartment Rents Finally “Plateau” After Red-Hot Summer” a trend reversal that was also observed at the national level as we observed in “Nationwide Rents Drop For First Time In Two Years.”
Newsfeed: Apartment Rents Slide Across All US Cities Amid “Crush” Of New Supply Read More »
Existing home sales plunged, new home sales surged… so today’s pending home sales print will be the decider over what level of bloodbathery is really occurring in the US housing market.
Newsfeed: US Pending Home Sales Explode Higher In January Read More »
In a congressional effort to increase retirement savings, Secure Act 2.0 was recently signed into law … And it’s sure to affect people with retirement accounts. But what impact could it have on YOU and your real estate investing?
Podcast: Secure Act 2.0 and What it Means to Real Estate Investors Read More »
Before we dig into this morning’s new home sales data, we note that both homebuilders and homebuyers have seen a rebound in confidence this year (even though the latter remains near extreme lows as one would expect)…
Newsfeed: US New Home Sales Unexpectedly Soared In January As Prices Plunge Read More »
Housing recessions matter because they are the ‘canary in the coal mine’ for economy-wide recessions. Not all economic recessions follow housing recessions1, but most housing recessions presage economic recessions.
Newsfeed: The US Housing Recession Is The Canary In The Coal Mine Read More »
The total value of U.S. homes was $45.3 trillion at the end of 2022, down 4.9% ($2.3 trillion) from a record high of $47.7 trillion in June.
Newsfeed: U.S. Homeowners Have Lost $2.3 Trillion In Value Since June Peak Read More »
Existing home sales had fallen for a record 11 straight months ahead of this morning’s print for January, which consensus expected to reveal a 2% MoM rebound. However, existin home sales for January actually tumbled 0.7% MoM (well below the 2.0% jump expected) and the record 12th straight monthly decline with December’s 1.5% decline actually revised even worse to -2.2% MoM…
Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago.
Newsfeed: Existing Home Sales Lowest in 12 Years, But It Could Be Worse Read More »
Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago.
Newsfeed: Prices for single-family homes are falling in these cities Read More »