US Pending Home Sales Rose Again In November As Mortgage Rates Fell, But...
• Zero HedgeThat lifted the total pending home sales index to its highest since early 2023...
Contents Pages by Subject
Housing
San Francisco house prices plunge amid widespread tech layoffs
• https://nypost.com, By Brooke KatoThe Golden City is losing its shine.
The Fed is Cutting. Why Are Mortgage Rates Going Up?
• https://www.schiffgold.com, Original AnalysisPowell is admitting that inflation is still too high, but the Fed still plans to cut interest rates by .25%. So why are mortgage rates going up?
How Shopping Malls Are Being Transformed Into Apartments In The U.S.
• CNBCReal estate developers are building housing inside of or next to shopping malls as department stores like Macy's, JCPenney and Sears shrink or cease to exist.
Why Government Intervention Is Fueling the Housing Disaster
• Schiff GoldThe United States is grappling with a severe housing affordability crisis that has persisted for years, leaving millions of Americans struggling to keep a roof over their heads. While some argue for increased government intervention, free market prin
US housing crisis concealed by government and mass media
• https://gatewayhispanic.com, Mamela Fiallo FlorThe richest country in the world suffered an economic crisis under the Biden-Harris administration that still leaves scars.
Tiny home HEating Pads.
• arcleinTiny home HEating Pads. First off, sticking wheels under a small box is actually a terrible design concept. The box is meant to be there for a long time and to be moved only when needed. S0o toss the rolling stock and go with a pad technolog
Arizona's fully autonomous homes: off-grid, no hookups
• Kirsten Dirksen - YouTube.comBrian Stark's Sparkboxes can add a fully functional home to your backyard--or a remote location--in just one day, with no utility hookups required and in record time.
"BlackRock Is The Problem!" - The SHOCKING Reason Why Gen Z Can't Buy Homes
• https://www.youtube.com, ValuetainmentMillennials and Gen Z are facing tough housing markets, with rising prices and fewer starter homes available. Discover how parental support, BlackRock's impact, and housing trends are shaping the future of homeownership.
US Housing Starts & Building Permits Slump Back Near COVID Lockdown Levels
• https://www.zerohedge.com, by Tyler DurdenUS Housing Starts and Building Permits disappointed in October with the former dropping 3.1% MoM (-1.5% exp) and -0.6% MoM (+0.7% exp) respectively. This is the second straight month of declines for both measures of housing activity...
Posthaste: These two cities are at risk of sharp rise in mortgage arrears
• Financial PostToronto could hit highs not seen since 2012, warns CMHC
The Cost of Owning a Home Is Soaring
• Activist PostAs we all know, both the purchase price and the interest rate have gone up significantly, pushing the mortgage payment as a percentage of median household income up to levels that exceed the previous peak in Housing Bubble #1 circa 2006-08.
The Art of False Defeat in The Housing Market
• https://www.coreysdigs.com, By Corey LynnHave you ever been in a sports league or played on a rec team? You wake up in the morning thinking about the big game coming and psyching yourself up for the big win. Nothing is going to stop you – you are pumped!
Phoenix Leads the Nation in Evictions, It's a Yes-No Question
• https://mishtalk.com, By MishThe question is: Did you pay the rent? It doesn't matter why.
Mortgage Rates Hit 7.0 Percent Again, Where to from Here?
• Mish TalkLet's discuss the technical and fundamental setup for 30-year mortgage rates and 10-year Treasury yields.
Mapping Real Home Price Changes In Bubble Markets
• https://www.zerohedge.com, BY TYLER DURDENSince mid-2022, housing prices in the world's real estate bubble cities have sunk approximately 15% in real terms as central banks embarked on rate hikes
San Francisco Hit With Credit Downgrade Over CRE Apocalypse
• https://www.zerohedge.com, by Tyler DurdenMoody's Investors Service downgraded San Francisco's credit rating, indicating the city's sluggish recovery from the virus pandemic and the ongoing tech exodus, wreaking havoc on the commercial real estate market.
Kamala Harris's Economic Ignorance and the Housing Affordability Crisis
• https://www.lewrockwell.com, By Jeremy R. HammondKamala Harris's plan to address the housing affordability crisis blames the free market for problems caused by government policies she's supported.
Housing Starts and Permits Slip Again in September
• https://mishtalk.com, By MishHousing continues to slowly weaken and completions surge relative to starts and permits.
How Many Years Does It Take To Save For A Condo?
• https://www.zerohedge.com, by Tyler DurdenThis graphic, via Visual Capitalist, shows the average number of years that a skilled worker must work in order to afford a 650 square foot condo near the city center across select markets, based on data from the UBS Global Real Estate Bubble Index 2
Florida residents assess future of beachside paradise after Hurricanes Helene and Milton smashed...
• https://www.dailymail.co, By Greg WoodfieldFlorida residents assess future of beachside paradise after Hurricanes Helene and Milton smashed communities weeks apart
One-of-a-kind tiny house takes a geodesic approach to downsizing
• New AtlasHailed as the world's first pentakis dodecahedron (or 60-sided) tiny house, this pint-sized geodesic dome home has been expertly designed to maximize its limited space
Mortgage Rates Undergo One Of The Biggest Single-Day Jumps: Report
• https://www.zerohedge.com, by Naveen AthrappullyMortgage rates jumped by more than 0.25 percent on Friday after a government report showed that the labor market continued to remain strong.
Boomers are giving kids money before they die in 'dysfunctional' system
• https://financialpost.com, Serah LouisThese pre-transfers of wealth have become particularly common with helping millennials and Gen Z buy their first home
In Brunswick, Maine, illegal immigrants are being housed in brand-new, fully furnished...
Donna Hancock...luxury apartments, with rent and utilities entirely paid for by taxpayer dollars.
Dream On: The American Dream now costs $4.4m over a lifetime
• USA TodayThe lifetime tab for such aspirations as owning a home, driving new cars, raising kids and taking annual vacations comes to a cool $4.4 million, according to Investopedia, the financial media site.
Who Really Owns The U.S. Housing Market? The Complete Roadmap
• https://www.coreysdigs.com, By Corey LynnIs BlackRock really buying up all of the single-family homes in America?
Home Builders Are Sitting on a Lot of Supply they Struggle to Sell
• https://mishtalk.com, By MishNew home sales fell 4.7 percent in August but the supply of homes started homes and finished homes is the big story.
Home Prices Set To Soar Amid Mortgage Refi Explosion
• Zero HedgeThe Fed could not have picked a worse time to start easing (although with the election in just over a month, the "apolitical" Fed really had no choice).
Mortgage Rates Rise Following Fed's Big Interest Rate Cut
• https://mishtalk.com, By MishIt's no surprise in this corner, but mortgage rates are up following the rate cut. Let's discuss why.
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