The emerging multi-polar world now includes foreign-exchange markets — as China and Russia, the biggest challengers to U.S. supremacy, boost direct trading between their currencies.
Newsfeed: US Rivals Shunning Dollar Lifts Yuan-Ruble Trading by 1,067% Read More »
With home sales slumping across the nation (while mean home prices are surging relative to median, signaling higher-end homes dominating the sales), this morning’s Case-Shiller (newly minted S&P Global) home price index data exploded higher.
Newsfeed: Caser-Shiller Home Prices Soared By Record In March, But… Read More »
Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) HPI for March were released today. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).
Oil prices climbed above $121 a barrel on Monday, hitting a two-month high as China eased COVID-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports.
Newsfeed: Oil climbs above $121 a barrel as China eases restrictions, EU meets Read More »
Housing prices could drop by as much as 10% in many U.S. cities, per Fortune, referencing a new report from Moody’s Analytics.
Newsfeed: Housing Prices Are Expected to Drop in These Cities — Is Yours One of Them? Read More »
America’s red hot housing market is cooling down fast sparking fears of a housing bust and crippling recession as nearly half of home sale prices are slashed in some areas.
The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability to tune out rising rates is nothing new for home prices, as discussed a few weeks back.
Newsfeed: Big Shift in Housing Numbers. Scary or Welcome? Read More »
Brent Crude prices could jump to well above $150 per barrel if Russia’s oil exports fall off a cliff in the coming months, according to Bank of America.
Newsfeed: BofA: Sharp Decline In Russian Exports Could Send Oil Above $150 Read More »
Last year, I pointed out that the foreclosure moratorium, combined with the expiration of a large number of forbearance plans, would NOT lead to a surge in foreclosures and impact house prices …
Newsfeed: Update: Delinquencies, Foreclosures and REO Read More »
US mortgage rates posted the biggest drop in more than two years, offering homebuyers a slight reprieve from this year’s massive surge in borrowing costs.
Newsfeed: Mortgage Rates Fall to 5.1% in Biggest Drop Since April 2020 Read More »