US Home Prices, based on S&P Global’s Case-Shiller data, fell 0.52% MoM in October (the latest data available released this morning), slightly better than the 1.1% drop expected. This slowed the YoY growth 8.64% from 10.4% YoY…
Newsfeed: US Home Prices Tumbled For 4th Straight Month In October Read More »
Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also lost momentum. The median U.S. home-sale price rose just 2.6% from a year earlier, the smallest gain since May 2020, when the onset of the coronavirus pandemic brought the housing market to a near halt.
After an unexpected rebound in October, new home sales are expected to tumble in November (latest data) following the plunge in existing home sales, starts and permits data, and homebuilder sentiment.
Newsfeed: US New Home Sales Unexpectedly Soar (Again) In November Read More »
Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also lost momentum. The median U.S. home-sale price rose just 2.6% from a year earlier, the smallest gain since May 2020, when the onset of the coronavirus pandemic brought the housing market to a near halt.
Newsfeed: Home Sales Slumped 35% in November, the Biggest Decline on Record Read More »
Births outnumber deaths in California, and yet the U.S. Census Bureau says the population shrank again as more than 300,000 people moved out of the Golden State.
After the dismal homebuilder sentiment data earlier in the week, it is no surprise that analysts expected a drop in both housing starts and building permits for November (the latest data) and they were right.
Newsfeed: US Building Permits Collapse In November, Multi-Family Plans Plunge Read More »
The real estate market just can’t catch a break, with inventory of resale homes remaining low and rising interest rates making it harder for buyers to justify making the leap.
It appears homebuilders are really starting to wake up to what Fed Chair Powell has been preaching as NAHB sentiment tumbled to the lowest level since June 2012 excluding the onset of the Covid-19 lockdowns.
Newsfeed: Homebuilder Sentiment Slumps To Decade Lows, Longest Losing Streak On Record Read More »
In its latest monthly report, OPEC revealed it had yet again failed to produce as much oil as it agreed to produce the last time it discussed output. And it wasn’t by a few thousand barrels per day, either.
Newsfeed: The Era Of Cheap Oil Has Come To An End Read More »
When an abandoned high school in Homestead, Pennsylvania, was listed for sale in 2019, Jesse Wig saw an opportunity.