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Newsfeed: 5 Signs That The Housing Crash Is Escalating A Lot Faster Than Many Experts Anticipated

Newsfeed: 5 Signs That The Housing Crash Is Escalating A Lot Faster Than Many Experts Anticipated

The U.S. housing market is absolutely imploding, but nobody should be surprised.  In fact, we were warned way ahead of time that this would happen.  When the Federal Reserve told us that they would be aggressively raising interest rates, we all knew what this would do to the housing bubble.  It was obvious that home prices would fall, home sales would plummet and home builders would get absolutely crushed.  Sadly, that is precisely what we are witnessing.  But instead of reversing course after witnessing all the damage that they have caused, Fed officials are insisting that even more rate hikes are necessary.  So as bad as things are right now, the truth is that they are going to get even worse in the months ahead.

Newsfeed: 5 Signs That The Housing Crash Is Escalating A Lot Faster Than Many Experts Anticipated Read More »

Newsfeed: It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan

Newsfeed: It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan

It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to hit around 7.125% on Tuesday. It’s been over 7% for several days.

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Newsfeed: US Home Prices Now Posting Biggest Monthly Drops Since 2009

Newsfeed: US Home Prices Now Posting Biggest Monthly Drops Since 2009

Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, mortgage-data provider Black Knight Inc. said in a report Monday. The two periods mark the largest monthly declines since January 2009.

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Newsfeed: 30-Year US Mortgage Rises Above 7% For The First Time Since 2000; Fastest Surge In History

Newsfeed: 30-Year US Mortgage Rises Above 7% For The First Time Since 2000; Fastest Surge In History

Less than two weeks ago we cited Freddie Mac according to which the average 30 year US mortgage just rose above 6% for the first time since 2008, with real-estate brokerage Redfin commemorating the move by saying that “This Is The Sharpest Turn In The Housing Market Since The 2008 Crash.” Well, just a few days later, Jeff Gundlach was so kind to point out this evening…

Newsfeed: 30-Year US Mortgage Rises Above 7% For The First Time Since 2000; Fastest Surge In History Read More »

Newsfeed: US housing market bloodbath: Prices will collapse by up to 20% because sector is already in recession – sparked by Bidenflation – and it will soon spread to rest of the economy, expert warns

Newsfeed: US housing market bloodbath: Prices will collapse by up to 20% because sector is already in recession – sparked by Bidenflation – and it will soon spread to rest of the economy, expert warns

Record-high housing prices in the US could collapse by up to 20 percent over the next year if a recession sparked by Joe Biden’s inflation takes hold, a top Wall Street economist has warned.

Newsfeed: US housing market bloodbath: Prices will collapse by up to 20% because sector is already in recession – sparked by Bidenflation – and it will soon spread to rest of the economy, expert warns Read More »

Newsfeed: Jerome Powell just warned that the US housing market needs a ‘difficult correction’ so that folks can afford homes again ⁠— but here’s why it’ll look nothing like 2008

Newsfeed: Jerome Powell just warned that the US housing market needs a ‘difficult correction’ so that folks can afford homes again ⁠— but here’s why it’ll look nothing like 2008

Real estate investors have largely done well for the past few years. But with higher interest rates, things could be about to change. The U.S. Federal Reserve raised its benchmark interest rates by 0.75 basis points on Wednesday, marking the third such hike in a row.

Newsfeed: Jerome Powell just warned that the US housing market needs a ‘difficult correction’ so that folks can afford homes again ⁠— but here’s why it’ll look nothing like 2008 Read More »

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