July 2, 2024
“Veteran strategist Chris Vermeulen, of The Technical Traders, believes he is witnessing troubling signals in the market, noting how borrowing costs are expected to remain high for an extended period. Vermeulen notes how building numbers for single- and multi-family homes have… Continue Reading…
March 6, 2024
“Miami-Dade County is seeking $2.5 billion to cope with one of the worst housing crises in the US. Mayor Daniella Levine Cava will propose the new, property tax-backed debt package to voters later this year, she said. The largest portion… Continue Reading…
January 18, 2024
“…Thursday’s report from the Labor Department showed that overall prices rose 0.3% from November and 3.4% from 12 months earlier. Those gains exceeded the previous 0.1% monthly rise and the 3.1% annual inflation in November and were slightly above economists’… Continue Reading…
January 2, 2024
“…The government-sponsored mortgage finance company forecasted total home sales to slump to just 4.8 million this year, marking the slowest sales environment since 2011. That figure will only improve slightly in 2024, with total home sales expected to hit 4.9… Continue Reading…
October 17, 2023
“…This year’s housing slowdown is very different from the previous one, after the housing bubble of the early 2000s burst. Back then, the economy entered a deep recession and millions of people lost their homes to foreclosure. This time around, home… Continue Reading…
August 14, 2023
“The numbers follow economic news in the past week that showed deflation arriving in July as manufacturers and retailers cut prices in a bid to lure buyers and move excess stock. Exports and imports also plunged more than expected, while… Continue Reading…
December 30, 2022
“…The housing market has “basically been in hibernation since late summer,” said Daryl Fairweather, the chief economist for Redfin, which anticipates 16 percent fewer home sales in 2023 compared to 2022, dropping to the lowest level since 2011, around the time… Continue Reading…
December 20, 2022
“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…
December 15, 2022
“EDITOR’S NOTE: America may be going through its own housing recession, but in Sweden, its domestic housing crisis is so severe, it’s cratering a sizable chunk of the EU’s economy. Similar to the 2008 subprime crisis in the US, Sweden’s… Continue Reading…
August 29, 2022
“EDITOR’S NOTE: While Yellen’s re-definition and reframing of “recession” caused some controversy a few weeks back, there hasn’t been much pushback on recent data indicating that the housing market is experiencing a recessionary slide. So, what data might be indicating a… Continue Reading…
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