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Newsfeed: The Face Of Housing Ownership Is Changing

Newsfeed: The Face Of Housing Ownership Is Changing

Mortgage rates have doubled over the past year and this has hit housing affordability hard. How much housing prices will retrench is still up in the air. Consider the whole premise housing prices in America are about to fall like a stone may be overdone. Hard economic times could very well take a greater toll on the price of intangible assets and paper promises than on things like housing.

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Newsfeed: US Home Prices Declined For 3rd Straight Month In September

Newsfeed: US Home Prices Declined For 3rd Straight Month In September

After tumbling for the first time since 2012 in July, Case-Shiller’s 20-City Composite Home Price index was expected to drop for the third straight month in September (the latest data available) as mortgage rates soared, crushing affordability; and it did, with the 20-City Composite down 1.24% MoM (as the YoY rise slowed from 13.06% to 10.43%)…

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Newsfeed: Home Prices Plunge Most Since 2009, Pulte CEO Fears “Financial & Psychological Hurdles” Ahead For Homebuyers

Newsfeed: Home Prices Plunge Most Since 2009, Pulte CEO Fears “Financial & Psychological Hurdles” Ahead For Homebuyers

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.

Newsfeed: Home Prices Plunge Most Since 2009, Pulte CEO Fears “Financial & Psychological Hurdles” Ahead For Homebuyers Read More »

Newsfeed: The Housing Bubble Has Officially Burst : Case-Shiller Records First Drop In Home Prices Since 2012

Newsfeed: The Housing Bubble Has Officially Burst : Case-Shiller Records First Drop In Home Prices Since 2012

Analysts expected Case-Shiller Home Price growth to continue its modest deceleration in August (the latest available data in this heavily lagged and smoothed data set), but the result was a doozy: the 20-City Composite index tumbled 0.44% MoM, far below the 0.20% expected increase, and a sharp decline from the downward revised 0.19% increase in July; more importantly, this was the first sequential drop in home prices tracked by Case-Shiller since March 2012, or ten and a half years.

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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 »

Newsfeed: US Housing Starts, Permits Collapse In May

Newsfeed: US Housing Starts, Permits Collapse In May

Amid surging layoffs in the real estate market, slumping homebuilder sentiment, soaring rates and plunging mortgage applications, it is no surprise that analysts expected a drop in Housing Starts and Permits in May (-1.8% MoM and -2.5% MoM respectively). Those numbers were destroyed as Housing Starts crashed 14.4% MoM and Permits plunged 7.0% MoM…

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