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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.

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Newsfeed: Home Sales, Listings Plunge Over 20% in September—Most on Record Aside From Pandemic Start

Newsfeed: Home Sales, Listings Plunge Over 20% in September—Most on Record Aside From Pandemic Start

Home sales and listings in September both slumped the most on record with the exception of the early months of the pandemic as rapidly rising mortgage rates prompted both buyers and sellers to stay put, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Newsfeed: Home Sales, Listings Plunge Over 20% in September—Most on Record Aside From Pandemic Start 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: No Pivot? BOE Says Rate Hikes Will Continue – Inflation Must Be Stopped

Newsfeed: No Pivot? BOE Says Rate Hikes Will Continue – Inflation Must Be Stopped

In a market environment where the only hope left is a central bank pivot away from rate hikes and back to QE, any slight detour by any central bank in the west is now put under a microscope with excitement as if stocks are about to be saved. The Bank of England’s minimal intervention in long term gilt purchases to stave off a collapse in the UK pension system recently had investors buzzing with dreams that this was the beginning of a pivot by other central banks back to stimulus. This is not the case.

Newsfeed: No Pivot? BOE Says Rate Hikes Will Continue – Inflation Must Be Stopped Read More »

Podcast: Clues in the News – Rising Interest Rates, Falling Permits, and Pension Problems

Podcast: Clues in the News – Rising Interest Rates, Falling Permits, and Pension Problems

There’s no shortage of news happening out there … But while we all see the headlines about things like inflation, the economy, the price of oil … What many fail to realize is that these macro-insights have real implications for those investing on main street.

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Newsfeed: Mortgage rates recently hit their highest level since 2007. Here’s what 5 economists and real estate pros say will happen next with rates

Newsfeed: Mortgage rates recently hit their highest level since 2007. Here’s what 5 economists and real estate pros say will happen next with rates

Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through October.

Newsfeed: Mortgage rates recently hit their highest level since 2007. Here’s what 5 economists and real estate pros say will happen next with rates Read More »

Newsfeed: Mortgage refinancing drops to a 22-year low as interest rates surge even higher

Newsfeed: Mortgage refinancing drops to a 22-year low as interest rates surge even higher

Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

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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.

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

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