Housing Starts Unexpectedly Plunge 12.3% in June, Permits Down 2.2%
• https://www.themaven.net, By Mike Mish ShedlockEconomists were shocked by today's housing report. Let's go over the details.
Contents Pages by Subject
Housing
Trouble Ahead For The Housing Market
• http://www.shtfplan.com, by Adam TaggartHe reminds us that housing bubbles follow a predictable progression:
US Housing Bubble Enters Stage Two: Suddenly-Motivated Sellers
• https://www.zerohedge.com, by John RubinoHousing bubbles proceed in fairly predictable stages.
US Housing Bubble Enters Stage Two: Suddenly-Motivated Sellers
• https://www.zerohedge.comStage One is long and (initially) slow, fueled by excess central bank money creation or foreign demand or some other source of liquidity that encourages large numbers of people to buy houses
It "Hit The Mortgage Market Over The Head With A Baseball Bat"
• zerohedge.com by Wolf Richter8 'boots-on-the-ground' findings from Sydney's deflating housing bubble...
No Savings? No Problem. These Companies Are Helping Home Buyers With Down Payments
• By Christina Rexrode and Laura KusistoYet some worry that helping borrowers could actually exacerbate the housing market's main problem: a dearth of new homes
SAFE SPACE This floating 'utopia' will have its own government and cryptocurrency ...
• https://www.thesun.co.ukby 2022 – to beat rising sea levels...The company behind the floating city just started selling its virtual currency that will let you buy homes and businesses on its "eco-friendly" hideaway
Housing Bubble and Everything Bubble in One Simple Picture
• https://www.themaven.netTo understand the magnitude of the housing bubbles simply compare the index of wages to the index of prices.
Housing Bubble and Everything Bubble in One Simple Picture
• https://www.themaven.net, By Mike Mish ShedlockTo understand the magnitude of the housing bubbles simply compare the index of wages to the index of prices.
As Manhattan Housing Market Slumps, 54% Of Quarterly Sales Below Asking Price
• https://www.zerohedge.comThe Manhattan real estate bubble appears to have just burst - as 54% of sales in the second quarter closed below asking price, according to Bloomberg. The lowball offers coincide with a significant 17% decline in sales vs. 2017 - resulting in the low
Population migration patterns: US cities Americans are abandoning
• https://www.usatoday.com, by Michael B. SauterEach year, roughly 40 million Americans, or about 14% of the U.S. population, move at least once. Much of that movement includes younger people relocating within cities, but it is trends of Americans moving to warmer climates, more affordable areas,
Buying a Home With Bitcoin Makes Sense: Shark Tank Investor Barabara Corcoran
• https://www.ccn.comMillionaire investor and Shark Tank star Barbara Corcoran has revealed that buying a home with bitcoin is the future. Her comments come at a time when cryptocurrency's market capitalization has been plummeting for months now coupled with gruff crit
HUD Just Re-defined LOW INCOME Families in the Bay Area and it will make you SICK.
• youtube.comHUD Just Re-defined LOW INCOME Families in the Bay Area and it will make you SICK.
In San Francisco, Families Making $117,000 Qualify For Low-Income Housing
• zerohedge.com by Tyler DurdenShortly after officials revealed that San Francisco had become the first US city to mandate a $15 minimum wage in accordance with a law passed in 2014 - and just in the nick of time, too.
Spring Existing Home Sales: Big Flop
• themaven.net by Mike Mish ShedlockThe pending home sales report, a strong indicator of existing home sales, suggests another bad month is on the way.
US Home Price Growth Slows - Weakest April Since 2011
• https://www.zerohedge.com, By Tyler DurdenWith YoY growth having endlessly risen to its strongest since June 2014, April's Case-Shiller data was a sudden disappointment with growth slowing to 6.56% YoY (slowest since Jan)...
New Home Sales Surge, Prices Down, Revisions Negative
• https://www.themaven.netNew home sales beat economists expectations. But the surge was entirely in the South.
Real estate booms along Koreas' border
• http://www.postbulletin.com, By Victoria KimIn 1993, a land speculator arrived in this remote South Korean village of rice, bean and ginseng farmers, and liked what he saw.
8 tiny homes built tough for off-grid living
• https://inhabitat.comMany people mistake tiny homes for delicate structures that provide a minimal amount of space for simple living. But these modern tiny homes are proving that they can be just as resilient as any traditional home twice their size. Check out eight tiny
Mortgage Rates Move Higher on Fed Dot Plot Projections
• https://www.themaven.netHow many hikes can the Fed get in this year? The Fed estimate is two more. Mortgage rates rose on the news. Mortgage News Daily reports Mortgage Rates Higher Following Fed Forecasts.
The Same 2008 Economic Conditions Are Back- The Housing Market Could Collapse the Economy
• http://www.thecommonsenseshow.comThe economic collapse of the United States is underway. yesterday I cited the Governmental Accounting Office (GAO) and their dire numbers. Today, we look at the housing numbers and there is virutally no difference between the housing numbers of today
More than half of US housing markets were overvalued in April
• https://www.cnbc.com By Diana Olick•Home prices nationwide jumped 6.9 percent in April from a year ago, according to the latest monthly value report from CoreLogic.
Dec. 31st 2002 I said "Sell Your House",.. but then came the bubble...
• Ernest Hancock via LewRockwell.comGovernment is trying re-inflate the Housing Bubble. This article was written 3 months before I started my first Radio Talk Show here in Scottsdale Weekdays morning drive and 2 years before the beginnings of FreedomsPhoenix... but I feel the same vibe
Housing Rebound Dies:
• zerohedge.com by Tyler DurdenHigher Rates Spark New, Existing, & Pending Home Sales Slump
Housing Bubble Pathologies Start To Bite –
• zerohedge.com by John Rubino– Yet Another Sign The Cycle Has Peaked
Case-Shiller Home Prices Rise At Fastest Pace In 4 Years To New Record High
• https://www.zerohedge.comThanks to a modest downward revision in February's print, March's Case-Shiller 20-City Composite Home Price Index rose at 6.79% YoY - the fastest price appreciation since June 2014.
BEST LUXURY CONTAINER HOUSES. 10 MINUTES ONE HOUSE
• https://www.youtube.com, TechZoneBEST LUXURY CONTAINER HOUSES. 10 MINUTES ONE HOUSE
Housing Peak? Existing Home Sales Drop 2.5%, Down Year-Over-Year Second Month
• themaven.net by Mike Mish ShedlockIt's looking increasingly likely that housing has peaked this cycle. Year-over-year sales are down the second month,
Reaming Owners and Other Renters with Rent Control
• http://www.independent.org, By Gary M. GallesL.A. Mayor Eric Garcetti has lent his support to an initiative that would rein in the 1995 Costa-Hawkins Rental Housing Act, which bans counties and cities from limiting rent increases on post-1995 apartments.
New Home Sales Slide In April As Average Price Spikes To Record High
• https://www.zerohedge.com, Tyler DurdenAfter a two-month rebound from January's plunge, new home sales disappointed in April, dropping 1.5% MoM to a SAAR of 662k (below the 680k expectation).
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