Evidence The Housing Bubble Is Bursting?: "Home Sellers Are Slashing Prices...
• http://theeconomiccollapseblog.comEvidence The Housing Bubble Is Bursting?: "Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years"
Contents Pages by Subject
Housing
Bank Of America Calls It: "The Peak In Home Sales Has Been Reached; Housing No Longer A Tailwin
• https://www.zerohedge.com, by Tyler DurdenBank of America is ringing the proverbial bell on the US real estate market, saying existing home sales have peaked, reflecting declining affordability, greater price reductions and deteriorating housing sentiment.
Home Sales Trends vs Recessions
• moneymaven.io by Mike Mish ShedlockExisting home sales are slowing. Can a recession be far behind?
China Real Estate Crackdown: New Home Prices Accelerate To Two-Year High
• https://www.zerohedge.com by Tyler DurdanChina was in the midst of a historic real estate tightening cycle that quickly intensified after May.
Elon Musk Reveals Release Date and Price for Boring Company's Eco Bricks
• https://www.inverse.com, By Mike BrownThe bricks will go on sale soon.
The corrupt MERS scam
Written By:Around 2009, I learned about the business practices of people working for mortgage "lenders" following their receipt of closing documents. The process of securitization took many years for me to grasp and quite frankly, is still difficult to fully comprehend by myself and most people.
Read Letter
Housing Wipe-Out: No Bids or Even Bidders at Numerous Australia Housing Auctions
• https://moneymaven.io, by Mike Mish ShedlockThe numbers of potential bidders in recent housing auction in Australia dropped to less than one. Most did not bid.
Commercial Real Estate Paying The Lowest Return Since Before The Housing Crisis
• https://www.zerohedge.com, by Tyler DurdenInvestors taking on more risk in US commercial real estate are now receiving the lowest return since the housing crisis. The premium spread for buying BBB- tranches of commercial mortgage backed securities versus AAA is the lowest its been since May
Homebuilder Shares Dramatically Underperforming: Consumer Confidence Didn't Help
• https://moneymaven.ioHomebuilder shares are down 12% to 23% while the stock market is up 9%. Housing data has been miserable.
Pending Home Sales Slump For 7th Straight Month As "Overheated Real Estate Markets" Start
• Zero Hedge - Tyler DurdenAmid its "broadest slowdown in years" the US housing market faces prices for starter homes at the highest they have been since 2008, just prior to the collapse of the housing market, and August is confirming that prices are indeed becoming an issue.
Case-Shiller Home Prices Signal Weakest Gain Since 2017, Despite Vegas Spike
• https://www.google.comHome sales, mortgage apps, starts, permits, buying sentiment, and now home prices...all disappointing expectations and sliding. S&P CoreLogic (Case-Shiller) 20-City home price index rose just 0.11% MoM (half the expected 0.2% rise) and slowed to a
So Bloody Predictable: Sydney Ground Zero in Interest-Only Mortgage Implosion
• The Maven - Mish ShedlockIf you need to get out, it's already too late.
Existing Home Sales Decline Fourth Month
• https://moneymaven.ioEconomists missed the boat again this month expecting a small rebound in existing home sales. Instead, sales fell 0.7%. Existing home sales came in at 5.34 million units seasonally-adjusted annualized (SAAR).
US Foreclosures Rise For First Time In 36 Months
• https://www.zerohedge.comOne month ago we discussed why according to the recent data, the "Housing Market Headed For "Broadest Slowdown In Years." Fast forward to today, when we received the latest confirmation that the US housing market appears to have recently hit a downwa
Housing Starts Disappoint Dramatically, Fall Year-Over-Year
• https://www.zerohedge.comAfter Housing Starts collapsed 12.9% in June, July rebounded just 0.9% (dramatically missing expectations of a 7.4% bounce) as Permits rose 1.5% MoM.
How 3D Printing is Revolutionizing the Housing
• https://www.thedailybell.comThe housing industry is like a roller coaster. The housing crash left houses empty and people homeless. Some neighborhoods are still littered with empty and decaying homes, some having stood empty going on 10 years now.
Mortgage Purchase Applications Decline 4th Week, Refinancing Lowest Since 2000
• https://moneymaven.io, by Mike Mish ShedlockMortgage applications are yet another sign that housing has peaked this cycle.
"Reverse-Wealth-Effect" Looms As Global Housing Bubble Pops
• https://www.zerohedge.com, by John RubinoJust a few months ago, real estate was on fire.
US Home Price Appreciation Slowest Since January As "Affordability" Issues Loom
• https://www.zerohedge.comFollowing April's modest slowdown in home price appreciation (albeit still at record highs), Case-Shiller's 20-City Composite continued to decelerate (modestly) in May, rising 6.51% YoY (weakest since Jan 2018).
Seasteading and Health Care: Islands of Innovation
• https://fee.org/articles/seasteading-and-health-caInnovation in health care is woefully lacking and government red tape is largely to blame, but seasteading just might be a way to circumvent bureaucracy without sacrificing quality.
Housing Market Headed For "Broadest Slowdown In Years"
• https://www.zerohedge.com, By Tyler DurdenFor those who have been focusing on corporate earnings, the stock market and the global economy, a more ominous - if under-reported - flashpoint has emerged in recent days after some scary housing market numbers were published over the past week...
Housing: "Permanently High Plateau" Calls
• https://moneymaven.io, by Mike Mish ShedlockCalls for a "permanently high plateau" in housing come amidst uncertainty about the market.
Mortgage Prison: Sydney Home Prices Suffer Largest Annual Decline Since 2008
• https://moneymaven.io, by Mike Mish ShedlockHome prices in Sydney and Melbourne are back to 2016 levels. That is a tiny down payment as to what is coming.
Housing market is showing signs of cracking:
• https://www.cnbc.com by Diana Olick'Anything-goes list-price strategy is no longer working'
Southern California home sales crash, a warning sign to the nation
• https://www.cnbc.com by Diana Olick•Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according to CoreLogic.
New Home Sales Tumble To 8-Month Lows Despite Price Plunge
• https://www.zerohedge.com, by Tyler DurdenWith mortgage refis hovering at their lowest level since Dec 2000 (and new home mortgage apps down 9% YoY), and US housing data broadly disappointing all year, expectations were for new home sales to follow existing home sales lower (especially after
Housing Prices Hit "Breaking Point" Leading to Collapse in Demand
• themaven.net by Mike Mish Shedlock"The affordability crisis may have reached a breaking point in Portland, San Jose, and Seattle," said Redfin CEO
Apartment Construction in 2018 Expected to Decline 11% After Strong 6-Year Run
• themaven.net by Mike Mish ShedlockThe Yardi Matrix/Rent Cafe expects apartment construction to decline in 2018 for the first time since 2011.
Housing Prices Hit "Breaking Point" Leading To Collapse In Demand
• https://www.zerohedge.comAuthored by Mike Shedlock via MishTalk, "The affordability crisis may have reached a breaking point in Portland, San Jose, and Seattle," said Redfin CEO.
Existing Home Sales Decline Third Month Despite Rising Inventory
• themaven.net by Mike Mish ShedlockExisting home sales declined for the third month, fourth year-over-year. May sales were revised lower.
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