Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, mortgage-data provider Black Knight Inc. said in a report Monday. The two periods mark the largest monthly declines since January 2009.
Newsfeed: US Home Prices Now Posting Biggest Monthly Drops Since 2009 Read More »
Our email room manager was up to eyeballs in interesting inquiries … So we dug him out and selected a handful to address in another illuminating installment of Ask The Guys.
Podcast: Ask The Guys – Getting Started, Smart Leverage, and Alternative Lending Options Read More »
Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through October.
Analysis of Google Trends data reveals that searches for ‘real estate market crash’ exploded 284% in the United States as of September 2022 – the highest level in Google Trends history.
Newsfeed: Searches For “Real Estate Market Crash” Highest In Internet History Read More »
Major Home-Ownership Costs Require 30 Percent of Average National Wage in Third Quarter of 2022; But Portion of Wages Needed for Home Ownership Dips as Home Prices Decrease Quarterly, to $340,000; Historic Affordability Remains Worse Than Average Almost Everywhere Across Nation
The People’s Bank of China has told major state-run banks to prepare to shed dollar holdings while snapping up offshore yuan, which has continued to fall despite prior interventions, sources told Reuters.
On September 12, Russian President Vladimir Putin stated that, given mounting economic sanctions, full “de-dollarization” of the Russian economy is only a matter of time.
Newsfeed: What Does The Yuanization Of The Russian Economy Mean For The Dollar? Read More »
The rental market of 2022 looks nothing like 2021. With 2022’s 3rd quarter almost in the books, a number of indicators suggest the once blazing-hot rental housing market is cooling off dramatically.
Newsfeed: The U.S. Rental Housing Market is Cooling Off Fast Read More »
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.
With mortgage rates soaring (now shockingly above 7% amid the fastest rise in history), it’s no surprise that analysts expected pending home sales to slide further in August (latest data) and they were right. Pending Home Sales fell 2.0% MoM (more than the 1.5% MoM decline expected) pushing the index down 22.5% YoY…
Newsfeed: US Pending Home Sales Tumbled To 11 Year Lows (Ahead Of Recent Rate Spike) Read More »