Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago.
Newsfeed: Prices for single-family homes are falling in these cities Read More »
Housing Starts and Permits have declined for 3 straight months but today’s data for January was expected to be more mixed with permits rebounding modestly while starts continue to decline (all while homebuilder sentiment expectations soars by the most ever).
Newsfeed: Housing Starts & Building Permits Weakest Since COVID Lockdowns Read More »
A new White House plan to nationalize housing policy and grant renters more protection has left mom-and-pop landlords with questions and concerns.
It may come as a bit of a shock to those who have been following the creeping freeze in housing transactions as the bid-ask spread grows to monstrous proportions, leading to a record crash in pending home sales…
While existing home sales slipped to cycle lows in December, new home sales bounced and this morning analysts were surprised to see pending home sales rise 2.5% MoM (against expectations of a 1.0% decline), and November’s decline was revised higher…
US existing home sales dropped for the 11th straight month in December (-1.5% MoM – slightly less than expected thanks to downward revisions of previous months), leading to a record 34% drop year-over-year (worse than the worst drop during the Great Financial Crisis)…
Rents Rising Faster Than Home Prices in Almost Half the U.S.; Both Renting and Owning Unaffordable for Average Workers Throughout the Country; Renting Still More Manageable in Vast Majority of Markets
Newsfeed: Renting More Affordable Than Homeownership Across Most Of The Nation In 2023 Read More »
The latest evidence that Fed Chair Jerome Powell’s most aggressive interest rate hikes in a generation and spiking mortgage rates might trigger a housing “reset” is the latest earnings report from KB Home, one of the nation’s largest publicly traded homebuilders.
Newsfeed: Buyer Cancellation Rate At Top US Homebuilder Surpasses 2008 Levels Read More »
Home prices have started to correct as interest rates rose sharply in 2022. However, the real problem for home prices is still coming in 2023 as the standoff between sellers and buyers comes to a head.
Newsfeed: Home Prices Will Likely Fall Further Read More »
Tl;dr: Headline and Core CPI printed ‘as expected’ (which is likely disappointing for the whisper numbers and remember the last CPI printed ‘cooler than expected’). Goods inflation continues to slow but Services inflation continues to soar (highest in over 40 years). Shelter costs continue to soar.