Wall Street Giants Want to Be Your Landlord - Data Shows Megabanks Are Buying...
• https://news.bitcoin.com, by Jamie RedmanWall Street Giants Want to Be Your Landlord - Data Shows Megabanks Are Buying up All the US Real Estate
Contents Pages by Subject
Housing
Frustrated Homebuyers Are Competing With Investment Funds...
• https://www.dcclothesline.com, By Michael SnyderFrustrated Homebuyers Are Competing With Investment Funds That Are Literally Buying Up Entire Neighborhoods
Blackrock is buying every single family house they can find, paying 20-50% above asking price
• https://www.rumormillnews.com, AndiVBlackrock is buying every single family house they can find, paying 20-50% above asking price
Supreme Court Asked To Halt CDC Eviction Moratorium
• https://www.zerohedge.com, by Matthew VadumAlabama and Georgia real estate agents have asked the Supreme Court to block a federal moratorium on evictions that was imposed last year by the Centers for Disease Control and Prevention (CDC) amid the pandemic.
Housing Hubris: Mortgage Apps Plunge Despite Homebuilder Euphoria
• https://www.zerohedge.com, by Tyler DurdenAfter a brief pause, mortgage applications tumbled again last week (-4.0% WoW after falling 4.2% WoW the prior week), to their lowest level since February 2020.
Landlords Hosed After Appeals Court Tosses Bid To Resume Evictions
• https://www.zerohedge.com, by Tyler DurdenLandlords across the country, the least-pitied group of Americans, were handed a loss on Wednesday after a federal appeals court in Washington DC denied a request to resume evictions amid a contentious dispute over a Centers for Disease Control (CDC
Housing boom may be cooling as weekly mortgage demand drops again
• https://www.cnbc.com, Diana OlickHigh prices and low supply are finally taking some of the heat out of the housing market.
America's Housing Future Remains Murky At Best, Part 2: Government Mucks Up The Market
• https://www.zerohedge.com by Bruce WildsAny way you view the situation, housing is a complex issue and its future will greatly impact all of us. People have an interesting relationship with their homes, often it is more than just a place to sleep.
America's Housing Future Remains Murky At Best, Part 2: Government Mucks Up The Market
• https://www.zerohedge.com by Bruce WildsRead Part 1 here... Any way you view the situation, housing is a complex issue and its future will greatly impact all of us. People have an interesting relationship with their homes, often it is more than just a place to sleep.
US Pending Home Sales Unexpectedly Plunged In April "Due To Lack Of Affordable Homes"
• https://www.zerohedge.com by Tyler DurdenWith existing- and new-home sales both taking an unexpected tumble in April, despite soaring homebuilder sentiment, analysts expected pending home sales to buck the trend and rise 0.4% MoM. They didn't!
Lumber Firms Applaud, Home Builders Angry As U.S. Moves To Double Canadian Lumber Tariffs
• https://www.zerohedge.com, by Tyler DurdenThe U.S. Department of Commerce says it will seek to double tariff rates on most Canadian softwood lumber, angering home builders
In Tight Housing Market, Thousands of Homes Are Reserved for Certain Buyers
• Wall Street JournalReal-estate agents are selling more homes to select customers while bypassing the public market, a move that squeezes supply tighter for many buyers when inventory is already near record lows.
"Air's Coming Out Of The Balloon" - Redfin CEO Says Home Price Gains Set To Cool
• https://www.zerohedge.com, by Tyler DurdenGlenn Kelman, CEO at Redfin, spoke with Bloomberg Radio's Denise Pellegrini on Wednesday about the state of the US housing market. He said the latest surge in home prices could subside.
Land Scarcity Sparks Another Bottleneck For Housing Market
• https://www.zerohedge.com, by Tyler DurdenForget skyrocketing home building costs because there's another more pressing bottleneck: buildable land scarcity.
In Phoenix, Million-Dollar Homes Can't Sell Fast Enough
• https://www.wsj.com, By Amy GamermanThe city's high-end housing market has seen a surge in out-of-state buyers since the onset of the pandemic
Homebuyers are applying for ever bigger mortgages as home prices soar
• https://www.cnbc.com by Diana OlickMortgage applications to purchase a home fell 4% last week from the previous week.
Ship shape! Amazing pictures show ugly shipping containers transformed into luxurious...
• https://www.dailymail.co.uk, By Clare MccarthyGiant metal shipping containers may look ugly on the outside to most, but some ambitious and creative types have spotted the potential to create a low-cost luxury property.
North Dakota Ends Home Equity Theft by Terminating Govt. Profits from Property Tax...
• https://needtoknow.news, Pacific LegalThere is cause for celebration in North Dakota, as it joins the growing list of states that forbid home equity theft.
"This Doesn't Look Good"
• https://www.zerohedge.com, by Tyler DurdenUnder the hood of the University of Michigan Sentiment Survey, something really ugly appeared.
People are panic buying homes as prices skyrocket around the world
• https://edition.cnn.com by Hanna ZiadyIt wasn't long ago that real estate experts were bracing for the worst.
Screw Lumber, Just 3D-Print Your Next Home
• https://www.zerohedge.com, by Tyler DurdenWith lumber prices up 67% since the start of this year and up 340% from a year ago, according to Random Lengths, a wood products industry tracking firm, adding tens of thousands of dollars to new residential builds, there is a viable new option to co
Couple Buys California Dream Home, But Seller Refuses to Move Out Because of Eviction Moratorium
• https://www.targetliberty.com, -RWWhen Tracie and Myles Albert purchased a beautiful four-bedroom house in Riverside, California they never realized that at the end of escrow the seller would suddenly refuse to give up the keys and leave, reports FOX 11.
Federal Judge Overturns CDC's Eviction Moratorium
• https://www.zerohedge.com, by Tyler DurdenUpdate (1300ET): White House Press Secretary Jen Psaki confirmed at today's briefing that Biden's Justice Department is reviewing the federal judge's decision, and "should have something to say later today."
Federal Judge Overturns CDC's Eviction Moratorium
• https://www.zerohedge.com/political/federal-judge-Update (1300ET): White House Press Secretary Jen Psaki confirmed at today's briefing that Biden's Justice Department is reviewing the federal judge's decision, and "should have something to say later today."
Federal Judge Overturns CDC's Eviction Moratorium
• https://www.zerohedge.com/political/federal-judge-Update (1300ET): White House Press Secretary Jen Psaki confirmed at today's briefing that Biden's Justice Department is reviewing the federal judge's decision, and "should have something to say later today."
Soaring Lumber Prices Add Nearly $36,000 To The Price Of A New Home: NAHB
• https://www.zerohedge.com, by Tom OzimekSkyrocketing lumber prices that have tripled over the past 12 months have driven the price of an average new single-family home to rise by $35,872, according to new analysis by the National Association of Home Builders (NAHB)...
America's most successful squatter: Long Island man, 52, avoids eviction again...
• https://www.dailymail.co, By CHRISTOPHER EBERHARTAmerica's most successful squatter: Long Island man, 52, avoids eviction again from house he doesn't own despite living in it for TWENTY YEARS
Dutch couple move into Europe's first 3D-printed home which can be built in just FIVE days...
• https://www.dailymail.co, By JESSICA GREENDutch couple move into Europe's first 3D-printed home which can be built in just FIVE days - after a machine 'prints' 24 concrete elements in 120 hours
Building a Tiny House in Arizona - Is smaller better here in the desert?
• Gree Living MagazineWith housing costs in Arizona rising at a rate that most salaries can't keep up with, people are searching for affordable solutions.
'Home Depot architecture': How one developer is turning farm storage into sleek apartments
• https://www.fastcompany.com, BY NATE BERGIn Detroit, one developer has turned Quonset huts--better known for their use on farms and military bases--into affordable, efficient housing.
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