Search
Close this search box.

Interest Rates

Newsfeed: Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers

Newsfeed: Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers

Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors. That is the slowest pace since December 2011, with the exception of a very brief drop at the beginning of the Covid-19 pandemic.

Newsfeed: Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers Read More »

Newsfeed: The Housing Boom Is Already Over. The Housing Shortage Will Continue.

Newsfeed: The Housing Boom Is Already Over. The Housing Shortage Will Continue.

As mortgage rates have risen this year, the buyer demand for homes has fallen. That has spelled trouble for the home construction business. Homebuilder confidence dropped for the tenth straight month in October. The decline in builder sentiment reflects what economist Ian Shepherdson describes as “housing … in free fall.

Newsfeed: The Housing Boom Is Already Over. The Housing Shortage Will Continue. Read More »

Newsfeed: Are Rent Controls Coming?

Newsfeed: Are Rent Controls Coming?

As mentioned in a previous post, when I have looked at previous right to left, and left to right political swings, they seem to happen globally, and they seem to happen roughly at the same time. A global shift left happened in the 1930s, and kept shifting until 1970s, when it began to shift back to the right. We are now well into a shift back to the left, that began in 2016. As also highlighted, modern democracies are filled with checks and balances to slow political shifts, but they still happen.

Newsfeed: Are Rent Controls Coming? Read More »

Newsfeed: Mystery Whales Baffle Gold Market After Central Bank Purchases

Newsfeed: Mystery Whales Baffle Gold Market After Central Bank Purchases

A normally dry research report jolted the gold market this week, when it pointed to massive but so far unidentified sovereign buyers. Central banks bought 399 tons of bullion in the third quarter, almost double the previous record, according to the World Gold Council. Just under a quarter went to publicly identified institutions, stoking speculation about mystery buyers.

Newsfeed: Mystery Whales Baffle Gold Market After Central Bank Purchases Read More »

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 »

Scroll to Top