Many real estate markets across the U.S. are in the midst of an affordability crisis because of rising home prices, tight access to credit, and a homebuilding industry that has been slow to build new homes.
Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight Financial Services estimated that as many as 300,000 borrowers in the vicinity of Houston could become delinquent o
The Student Loan Debt and Housing Report 2017 by the National Association of Realtors and the nonprofit group American Student Assistance shows the obvious: Student debt delays household formation, home buying, and saving.
Keith Jurow, a real estate analyst and author of the Capital Preservation Real Estate Report, pinged me a few days ago with his analysis that suggests long-term mortgage delinquencies are seriously under-reported.
The pending home sales index for July dropped 0.8 percent vs an Econoday expected gain of 0.4%.
There is the car loan buble and the college loan bubble. However, when this bubble breaks, and it has already started, all hell will break loose. Here is the story.
- Whalen Warns "The Crowd Of Buyers Is Thinning"
New Home Sales crashed in July (down a shocking 9.4% MoM compared to expectations of unchanged) following the collapse of household formations in June.
A provincial Russian mansion has been put up for sale with an estimated price of 3,000 bitcoins. However, the lack of legal classification for digital currencies complicates the treatment of bitcoin in the sale.
dependence on the power grid...(Natural News) Utilizing solar power can save homes around 600 British Pounds ($775) in electricity bills every year. This was the conclusion made by a team of researchers from the Swansea University who found that inst
Rates for home loans fell to a seven-week low as ongoing economic uncertainty kept a tight lid on bond yields, mortgage provider Freddie Mac said Thursday.
Construction spending for the second quarter is off to a slow start as judged by housing starts.
Following June's huge surprise jumps in Housing Starts (revised lower) and Building Permits (revised notably higher), July saw both starts and permits plunge (-4.8% and -4.1% respectively) dramatically missing expectations. The majority of the plunge
Foreign homebuyers are taking a big bite out of Texas' hot housing markets.
Wells Fargo Crime-Homeowners You Are at Risk! I have no doubt that when I look at banking actions over the past three years, they are clearly posturing to take every financial asset you own, but not everyone agrees as evidenced by this email.
Chinese banking regulators' efforts to force the country's largest conglomerates to deleverage after an unprecedented binge on foreign assets has already spurred a pullback in foreign real-estate investment, part of a broader decline in foreign i
Until mid 2017, it appeared that nothing could stop the Toronto home price juggernaut:
The striking Case-Shiller regional charts shown below, courtesy of MHanson.com, make Mark Hanson angry:
After dropping to an all time low 62.9% in Q2 of 2016, the US homeownership rate rebounded modestly in the subsequent two quarters, then dropped again at the start of the year, before once again rising fractionally to 63.7% in Q2 of 2017 ....
Great news 'Murica - your house has never been worth more than it was in May (according to Case-Shiller's national home price index).
Even the Fed put commercial real estate on its financial-stability worry list.
Lots of sleeping room is something we've seen before from Escape and its Vintage XL also sleeps eight people. You wouldn't want to do that full time of course, but for one night with guests over, it could be handy.
After a pitiful drop in May, building permits rebounded galantly in June (+7.4% MoM - the most since Nov 2015)...