Newsfeed: US suffering from the second biggest home price correction of the post-WWII era
The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era.
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Newsfeed: US Pending Home Sales Crash By Most On Record
Existing home sales crashed but new home sales rebounded in November, which leaves today’s pending home sales as the deciding vote for just how apparently dismal the US housing market really is.. and the decision is – the housing market is in trouble as pending home sales tumbled 4.0% MoM (vs -1.0% exp) and October’s drop was revised even deeper…
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Newsfeed: US Home Prices Tumbled For 4th Straight Month In October
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…
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Newsfeed: Russia Close to Legalizing International Trade in Bitcoin, Crypto: Head of Finance Committee
Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also lost momentum. The median U.S. home-sale price rose just 2.6% from a year earlier, the smallest gain since May 2020, when the onset of the coronavirus pandemic brought the housing market to a near halt.
Newsfeed: US New Home Sales Unexpectedly Soar (Again) In November
After an unexpected rebound in October, new home sales are expected to tumble in November (latest data) following the plunge in existing home sales, starts and permits data, and homebuilder sentiment.
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Newsfeed: Home Sales Slumped 35% in November, the Biggest Decline on Record
Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also lost momentum. The median U.S. home-sale price rose just 2.6% from a year earlier, the smallest gain since May 2020, when the onset of the coronavirus pandemic brought the housing market to a near halt.
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Newsfeed: California’s Population Shrinks for Third Straight Year as High Costs Stress Households
Births outnumber deaths in California, and yet the U.S. Census Bureau says the population shrank again as more than 300,000 people moved out of the Golden State.
Newsfeed: US Building Permits Collapse In November, Multi-Family Plans Plunge
After the dismal homebuilder sentiment data earlier in the week, it is no surprise that analysts expected a drop in both housing starts and building permits for November (the latest data) and they were right.
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Newsfeed: With new mortgages down 47%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008?
The real estate market just can’t catch a break, with inventory of resale homes remaining low and rising interest rates making it harder for buyers to justify making the leap.
Newsfeed: Homebuilder Sentiment Slumps To Decade Lows, Longest Losing Streak On Record
It appears homebuilders are really starting to wake up to what Fed Chair Powell has been preaching as NAHB sentiment tumbled to the lowest level since June 2012 excluding the onset of the Covid-19 lockdowns.
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