Unless the Fed is going to start buying millions of homes outright, prices are going to fall to what buyers can afford. There are two generalities that can be applied to all asset bubbles: 1. Bubbles inflate for longer and reach higher levels tha
After surging in November, housing starts and permits were expected to relapse in December following shutdown-delayed dismal data from the US housing market.
Economists expected a small bounce in existing home sales. Once again, economists expectations weren't met.
Pizhou, Fujian has a solution to falling home prices: ban them. They're not alone in using this strategy. Other cities have told developers to reverse price cuts and one went so far as to punish a developer's creditors.
More than 500 hundred chateaux have been abandoned at the Burj Al Babas luxury housing development in Turkey after its developer filed for bankruptcy last November. The homes were crafted for wealthy Gulf investors in Turkey's northern Bolu provinc
West Coast real estate is now so expensive that married couples are moving in with multiple roommates
It is often said by cynical economists and political commentators, usually of the right or libertarian persuasion, that the road to hell is paved with good intentions.
Melbourne Housing Prices Plummet At Fastest Quarterly Pace Ever Recorded; Sydney Enters "New Territory"
Pending home sales in January plunged despite falling mortgage rates. The GDP report, due tomorrow will be delayed.
Pending home sales in January plunged despite falling mortgage rates. The GDP report, due tomorrow will be delayed. The pending home sales index is a leading indicator of existing home sales (resales). The National Association of Realtors (NASR) d
"Yes, We're At The Bottom": Hamptons Home Sales Fall 35% As Owners Refuse To Cut Prices
The slump in the upper tiers of the Manhattan real-estate market is already having a knock-on impact in some of the toniest tri-state area real-estate markets - most notably that of Greenwich, Conn., known for being a leafy suburban haven for hedge f
Than an Award-Winning Publisher With Asylum...Julian Assange's current living conditions in the Embassy of Ecuador in London are more akin to those of a political dissident in China or Stasi-era Germany -- not a journalist claiming political asylu
The Hong Kong government has floated the idea of building four artificial islands which could house one million people.
Montana money manager James Stack - who predicted both the 2008 real estate crash and last year's housing slowdown, now says that 2019 may not be so great for housing bulls according to Bloomberg.
Completing a project to build 3 million homes for its suffering population is the next big initiative Venezuela wants to finance with its digital currency, the petro. The socialist government in Caracas says there is enough money and materials to ful
It's not just stocks: the global housing market is in for a rough patch, which has turned ugly for many homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong, and Australia already showing increased signs of softenin
The median price of a typical Manhattan apartment tumbled below $1 million for the first time in three years, according to a new housing survey, as the luxury real estate market continues to deteriorate.
Housing is sputtering. Home sales, home-building and homeownership have gone flat, and the rise in home prices threatens to stall out.
Southern California home sales plunged in November from a year earlier, while prices increased at the slowest pace in three years amid a housing market slowdown, reported Los Angeles Times.
There was some hope for a rebound in US housing indicators, after the recent existing home sales print rebounded, but that was promptly dashed after pending home sales dropped again in November, sliding -0.7% vs the expected 1.0% increase, declining
Though some signs of softness are beginning to emerge in the US housing market as home sales slump and prices in the hottest, most high-end markets have fallen - a reaction to just how unaffordable home prices across America have become - in most mar
Upton Sinclair once noted: "It is difficult to get a man to understand something, when his salary depends on his not understanding it."
Private government is really nothing new. And I don't mean some arrangement between coercive government and "private" companies that make their money from government contracts.
Dear Fellow Housing Market Observers, This is my last note of the year and it deals with house prices into the next cycle.
Netanyahu also vows to try to advance new constructions
Australia's housing collapse is now in full swing. A recession will follow shortly.
The housing crash of 2008 is now 10 years in the rearview mirror, but the danger of another crisis lurks despite assurances to the contrary.
We are, once again, experiencing one of the greatest housing booms in United States history.
Having fallen for two months, UMich sentiment was flat according to preliminary December data (slightly better than expectations) with current conditions rebounding and future expectations (hope) tumbling to its lowest since Dec 2017.