In California, Home Sales Are Plunging Like It Is 2008 All Over Again
• https://www.zerohedge.com, by Michael SnyderWhat goes up must eventually come down...
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In California, Home Sales Are Plunging Like It Is 2008 All Over Again
• By Michael SnyderWhat goes up must eventually come down. For years, the California housing market was on the cutting edge of "Housing Bubble 2" as we witnessed home prices in the state soar to absolutely absurd levels.
Mortgage rates slide as echoes of 2006 haunt the housing market
• https://www.marketwatch.com, By Andrea Riquier'Not everything is coming up perfectly roses,' says one housing-watcher
Southern California suffers its worst housing slump in over a decade
• https://www.cnbc.com, Diana OlickHigher mortgage rates and overheated home prices hit Southern California home sales hard in September.
"A Rough Decade Ahead" - 'Math' & The Future Of The US Housing Market
• https://www.zerohedge.com, by Chris HamiltonSummary
California Ground Zero in Upcoming Real Estate Bust
• moneymaven.io by Mike Mish ShedlockLooking for a severe real estate bust? Try Australia or California. Both represent ground zero.
As the housing market stagnates, American homeowners are staying put...
• https://www.marketwatch.comAs the housing market stagnates, American homeowners are staying put for the longest stretches ever
New Home Sales Crash In September As Supply Soars
• https://www.zerohedge.com, by Tyler DurdenNew Home Sales (SAAR) in September plunged to their lowest since Dec 2016, crashing 5.5% MoM (and revised dramatically lower in August)... Maybe Trump has a point on Fed rate hikes?
New home sales drop 5.5% in September to near two-year low
• https://www.cnbc.com, Jeff CoxNew home sales plunged in September, falling 5.5 percent to an almost two-year low amid pressures from rising interest rates that have hammered the real estate market.
Subprime Loans Are Back, Proving We Have Learned Nothing from 2008
• https://fee.org, Brittany HunterMany are claiming that this time will be different than the last. This should concern just about everyone.
Existing Home Sales Drop 6th Consecutive Month
• https://moneymaven.io, by Mike Mish ShedlockExisting home sales declined 3.4% in September. This was the 6th month and the 5th month below the consensus estimate.
Existing Home Sales Drop For 7th Straight Month As Homebuilders Stocks Collapse
• https://www.zerohedge.com, by Tyler DurdenWith US homebuilder stocks having their worst year since 2007, hope is high that September will show the long-awaited rebound in home sales (despite a soaring mortgage rate).
Housing Continues to Weaken: Starts Decline 5.3%, Permits Down 0.6%
• https://moneymaven.io, by Mike Mish ShedlockStarts, permits, and completions are down across the board as home buying continues to weaken.
The US Housing Market Is Raising Serious Red Flags
• www.zerohedge.comReal home price growth looks to have already entered a cyclical downturn that is likely to intensify as affordability worsens...
Does the real estate data industry need to decentralize?
• https://www.nextbigfuture.com by Brian WangThe availability of up-to-date and accurate data is a fundamental requirement for the vast majority of industry sectors. Whether it's Facebook exploring where we like to eat or major credit institutions attempting to ascertain our financial health
Wikkelhouse: pick your modular segments & click them together
• https://www.youtube.com, Kirsten DirksenAfter a couple decades creating theater sets in Amsterdam, Oep Schilling and his company of makers Fiction Factory, put their CNC expertise and resources into building a prefab tiny house, using cardboard as the main structural element.
Rising Interest Rates Start Popping Bubbles - The End Of This Expansion Is Now In Sight
• https://www.zerohedge.com, by John RubinoTowards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening.
Wide Gap Between Wages and Median Home Price: Home Buyers Dilemma
• https://moneymaven.ioThe BLS says wages are rising faster than the CPI. Prospective home buyers would not agree.
US Home Prices Hit Peak Unaffordability As Prospective Buyers Better Off Renting
• https://www.zerohedge.com, by Tyler DurdenWith unaffordability reaching levels not seen in decades across some of the most expensive urban markets in the US, a housing-market rout that began in the high-end of markets like New York City and San Francisco is beginning to spread.
New Single Family Home Sales vs New Residential Construction
• https://moneymaven.io, by Mike Mish ShedlockThe above chart plots sales, held for sale, sold, and starts. It doesn't quite add up, but it's close.
'Austrians' Vs. 'Market Monetarists' On The Housing Bubble
• https://www.zerohedge.com, by Robert MurphyWe Austrian economists frequently cross swords with our Keynesian foes on all manner of economic analysis and government policy recommendations.
Bad news for home sellers: D-FW has one of the biggest U.S. home listing gains
• https://www.dallasnews.com, Steve BrownThe number of "For Sale" signs is growing in North Texas' housing market.
Mud-spraying drones take aim at low-cost housing
• https://newatlas.com, by Nick LavarsFurther to opening our eyes to new perspectives on our environment, we are beginning to see how drones can also play very active roles in its construction.
Manhattan Home Sales Tumble in a Market Clogged With Listings
• https://www.bloombergquint.com, Oshrat CarmielIt's been a rough year for Manhattan's home sellers, and they're not about to catch a break any time soon.
Officials Promise "Dirty Money" Crackdown As Vancouver Housing Market Grinds To A Halt
• https://www.zerohedge.com, by Tyler DurdenThanks to an influx of demand from Chinese nationals and other foreigners, Vancouver's housing market soared in the post-crisis years, with prices more than doubling to levels that were clearly unsustainable, cementing the Pacific Northwest metropoli
Higher Mortgage Rates Are Starting To Bite The Housing Market
• https://www.zerohedge.com, by Bryce CowardSooner or later, higher mortgage rates (which are keyed off of the 10-year treasury yield) were always bound to start slowing the housing market.
Housing Market Slows, as Rising Prices Outpace Wages
• https://www.nytimes.com, By Ben CasselmanBy nearly any measure, this city is booming. The unemployment rate is below 3 percent. There is so much construction that a local newspaper started a "crane watch" feature. Seemingly every week brings headlines about companies bringing high-payi
U.S. 30-year mortgage rates hit seven-year peak: Freddie Mac
• https://www.yahoo.com by ReutersInterest rates on U.S. 30-year fixed-rate mortgages increased to their highest levels in more than seven years in line with bond yields which rose on the view of sturdy economic growth and heavy debt supply, data from Freddie Mac showed on Thursday.
Pending Home Sales Plunge In August Led By Collapse In West
• https://www.zerohedge.com, by Tyler DurdenPending home sales plunged in August, dropping 1.8% MoM (almost four times worse than expected) to its lowest since Oct 2014 (and fell 2.5% YoY) - the fourth month of annual declines in a row...
A home to float your boat! Florida man is building a sleek $250,000 three-bedroom 3,000sq ft pad...
• https://www.dailymail.co.uk, by HANNAH MOOREA home to float your boat! Florida man is building a sleek $250,000 three-bedroom 3,000sq ft pad from eight SHIPPING CONTAINERS
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