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 »
In times of economic uncertainty, assets that are REAL and ESSENTIAL tend to be the most resilient … That’s one of the reasons we love real estate … Everyone needs a place to live …
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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.
Property management firm RealPage published new data that shows demand for US apartments began “evaporating” as early as last summer as the highest inflation in a generation crushed consumer confidence.
Newsfeed: Apartment Demand “Evaporated” As Inflation Crushed Consumer Confidence Read More »
No Federal Reserve officials thought it’d be appropriate to begin cutting rates in 2023, and officials worried easing financial conditions could complicate the central bank’s efforts to bring down inflation, according to internal discussions at the Fed’s policy meeting three weeks ago.
Newsfeed: Fed minutes: No rate cuts in 2023, inflation risk remains in focus Read More »
Inflation is accelerating faster than we’ve seen in decades … People around the world are already feeling its effects in their wallet
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More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red.
Newsfeed: After $18 Trillion Rout, Global Stocks Face More Hurdles in 2023 Read More »
A downturn in the residential real estate market could be nearing, Kieran Clancy, a senior US economist at Pantheon Macroeconomics, recently warned. The potential for a major price decline has been on our radar in recent quarters as elevated mortgage rates and record-high prices create an unfavorable environment for buyers.
Newsfeed: Housing Supply Jumps Most On Record As Market Freezes Read More »
The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era.