Stocks are veering south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting.
The Urban exodus documents here extensively over the past two years has had profound consequences on the US economy. Starting with the pandemic, and subsequently accelerating due to the historic riots, unprecedented lawlessness and historic crime rates unleashed by democratic administrations in major US metroareas, urban exodus has had a “Donut Effect,” causing greater domestic migration out of urban counties and into the surrounding suburbs.
Newsfeed: The Economic Implications Of The US Urban Exodus Read More »
The pandemic housing boom hit a peak and should start rolling over as rising inventory forces some home sellers to slash prices. The weight of soaring mortgage rates and increasing inventory are the possible markings of a top that has already led some sellers in major US cities to cut listing prices.
Newsfeed: Home Price Cuts, Rising Inventories Are Ominous Signs Of Top Read More »
It might seem like a rather odd move for the Bank for International Settlements (BIS) to make after Bitcoin has lost around 60% of its value in only six months, but the globalist institution is now allowing member banks to hold 1% of their reserves in the cryptocurrency (around $1.8 trillion total).
Newsfeed: BIS To Allow Member Banks To Hold 1% Of Their Reserves In Bitcoin Read More »
The red hot pandemic-era housing market is cooling as historically tight available inventory shows signs of reversing. An affordability crisis has removed millions of new home buyers as the number of active US listings soared 18.7% in June from a year earlier, the most significant increase in Realtor.com’s data going back to 2017, according to Bloomberg.
Newsfeed: The One Housing Chart That Shows A ‘Buyer’s Market’ Has Returned Read More »
On average, the U.S. housing market has seen price appreciation of 4.4% annually since 1991. High demand and low supply have accelerated price growth during the COVID-19 pandemic. In fact, single-family house prices grew by 18.7% from the first quarter of 2021 to the first quarter of 2022—the highest growth seen in at least 31 years.
Newsfeed: Mapped: The Growth in U.S. House Prices by State Read More »
With home sales weakening across the nation (while mean home prices are surging relative to median, signaling higher-end homes dominating the sales) and homebuilder sentiment slumping, this morning’s Case-Shiller (newly minted S&P CoreLogic CS) home price index data unexpectedly accelerated even higher.
Newsfeed: Case-Shiller Home Prices Soared By Record In April, But… Read More »
Treasury yields rose on Monday as data on orders for durable goods and pending home sales surprised to the upside, but the sale of two- and five-year notes was weak as the market gauges the economy and Federal Reserve …
Newsfeed: TREASURIES-U.S. yields rise after poor Treasury auction Read More »
US cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data compiled by Zillow Group Inc.
Newsfeed: Hottest US Housing Markets Now Have Bigger Share of Price Cuts Read More »
After an unexpected jump in new home sales and larger than expected drop in existing home sales, today’s pending home sales print is the tie-breaker for sentiment in the housing market in May as homebuilder sentiment soured and mortgage rates and applications soared.