After last months big rebound in permits (and drop in starts) both were expected revert in August. But, instead, they both exploded higher: Housing Starts +12.3% MoM (+5.0% exp) Building Permits +7.7% MoM (-1.3% exp).
Bidding wars for homes in Seattle, San Jose, and San Francisco have crashed in the past year, reflecting an alarming national trend, according to a new report from Redfin.
Artificial intelligence in housing could completely change the way we buy, sell and live
According to the Real Estate Research Council of Southern California, San Diego County built 43% fewer homes in 1H19 YoY, the most significant drop in all of Southern California (SoCal), an ominous sign that one of the hottest housing markets in the
Nobel laureate Robert Shiller sat down with Bloomberg this week to discuss narrative economics, which is how a story or a series of related economic events can drive animal spirits in an economy.
New data from U.A.E.-based property firm Cavendish Maxwell shows Dubai house prices fell to their lowest levels in June, not seen since the 2008 financial meltdown.
Fitch Ratings suggests in a new report that declining interest rates won't be enough to spark a rebound in housing market activity for 2H19, with affordability concerns and a lack of supply remaining as a significant constraint.
Breaking the tie between new (down) and existing (up) home sales, pending home sales tumbled 2.5% MoM in July (notably below the expectation of 0.0%) and stumbled back into contraction year-over-year.
It seems in the land of the free, even if you pay cash for your multi-acre homestead, want to install a clean septic system and live a sustainable life, you cannot. If you do you'll be extorted by your local government for attempting to do so, thre
S&P CoreLogic Case-Shiller's 20-City Composite price index rose just 2.13% YoY in June - the weakest growth since August 2012. The MoM rise of just 0.04% notably missed expectations of a 0.1% rise and the drop from 2.37% YoY was also a sizable acc
Existing home sales were expected to rebound 2.5% in July after sliding 1.7% in June (while new- and pending-home sales bounced), and hit the number spot on (despite a small upward revision in June to -1.3% MoM.
What do Thomas Jefferson's Monticello and tiny homes have in common? More than many might think.
Thankfully, an eco-friendly architectural company in Seattle called Geoship may have come up with the perfect design to protect millions from the huffing and puffing of today's wolfish weather conditions.
Despite the hype of tumbling interest rates and rising mortgage applications, housing starts tumbled again in May, dropping a whopping 4.0% MoM in July to 1.191MM, the biggest drop and the lowest print since February, drastically missing expectations
Doesn't it seem odd to you that Jeff Bezos, Amazon, CIA business partner, is now in the business of selling tiny homes. Why? The answers will surprise you.
Tiny homes are popular with millennials since their standard of living has collapsed. All thanks to insurmountable student loans, no savings, and gig-economy jobs that don't pay the bills.
Summary The Quantity of New Potential Homebuyers is Decelerating to a Trickle. The Quantity of Potential Sellers is Surging. This Mismatch Will Continue to Drive The Federal Reserve to Cut the Federal Funds Rate (& Resultant Mortgage Rates) to Re
From 2008 through 2018, there were 4.4 million fewer births in the US than the US Census estimated there would be in its 2008 projection.
US home price appreciation slowed for the 14th month in a row in May, rising only 2.39% YoY (below expectations), its weakest home price growth since Aug 2012...
The Silicon Isle: How tech billionaires are turning Caribbean patch of sand and rock into 'the most exclusive homeowner's association in the world'
The London property bust continues to gain momentum.
With a decade-long bull market and an ultra low interest rate environment globally, it's not surprising to see capital flock to housing assets.
Despite yesterday's disappointing existing home sales print, new home sales were expected to spike (after dropping for two straight months), and did - thanks to a large downward revision in May.
Unhappy with its market share in the US real estate market, the largest online retailer in the world and global commercial monopolist, Amazon, announced a deal on Tuesday morning with the largest US residential real estate brokerage company, Realogy,
A housing affordability crisis has been gaining momentum in Australia over the last several decades as the number of people outright owning a home has collapsed by a third as home prices soared 400%.
Aptly, it's called the Parasitic house.
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes.
After weak home sales data and re-weakening in mortgage applications (but a modest recovery in homebuilder sentiment), expectations were for a slowdown in starts and permits but the June prints were shockingly bad. Housing Starts dropped 0.9% MoM
Australia's housing market is at risk of imploding. A decade of lowering interest rates to 1% and printing money to drive up home prices has led to dangerous imbalances in real estate markets across the country - that will soon be corrected.
As the luxury real estate market cycles down, now is the time billionaires should catch the proverbial "falling knife," Bloomberg reports.