
US Home Prices Jumped By Most In A Year In May, Case-Shiller Data Shows
• Zero Hedge - Tyler Durden"Investors are unlikely to feel safe enough to get into the equities water before such an eventful week"
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"Investors are unlikely to feel safe enough to get into the equities water before such an eventful week"
If you are trying to sell your home right now, I feel so sorry for you.
The Biden administration, the media, Democrats, and Republicans are all either willfully ignorant or blithely unaware of the looming economic crisis that's about to hit.
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Let's check in with Mortgage News Daily and Bankrate to see what they say about national mortgage Rates.
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Near San Diego, California, there's a rotating house: and somehow, all the utilities, the electricity, gas and water, work even on the rotating part. How's that possible?
What is really going on with real estate and home prices? The TRUTH! You need to look at the broader economic trends, the stuff no one else is looking at, to figure out what is really happening here.
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Due to a lack of water, the state of Arizona has announced that it will not approve any more building permits for single-family homes that rely on wells in Maricopa County, CleanTechnica reported.
...ditched the West Coast for Texas where homes cost $282,000 less
These Airbnb owners are getting ready to sell because of "Airbnb bust", a downturn in the short-term rental market that started in the second half of 2022, with Airbnb operators in some cities facing a 50% decline in revenue.
Having bounced (unexpectedly) in March (the most recent data), Case-Shiller's 20-City Composite home price index was expected to continue bouncing in April (+0.4% MoM exp) and it did bigly - rising 0.91% MoM - the biggest MoM jump since May 2022...
New home sales have been dramatically outperforming existing- and pending-home sales as unprecedentedly low inventories send buyers into the arms of incentivizing homebuilders.
Home affordability is so out of reach right now that two out of five Americans think they'd need to win the lottery to become homeowners.
Despite the worst affordability crisis in decades and a national housing shortage, individuals from Generation Z, born between 1997 and 2012, are purchasing homes. A new report reveals which cities these youngsters are attracted to the most.
Existing home sales unexpectedly rose in May (+0.2% MoM vs -0.7% MoM) with a small upward revision for April's tumble (from -3.4% MoM to -3.2%). That is only the second positive month for existing home sales since Jan '22...
Just before the pandemic, the average home price in the U.S. was $313,000 - a figure that has since jumped by 40% to $436,800 today. As home prices and mortgage rates increase, home ownership is becoming an unrealistic dream for some.
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Homeowners in Florida, California and Texas were hit worst
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Elon Musk said home prices will crater - and it prompted a sharp rebuttal from the CEO of housing giant Redfin
The billionaire says residential real estate is the next victim of the ongoing economic downturn.
The Case-Shiller 10-city and 20-city indexes are now down year-over-year although the national index is still positive.
ECI's CEO and Real Estate expert Michael Cobb has created the Consumer Resource Guide, which is an essential one-stop reference guide for home buyers, packed with essential information to assist consumers throughout their home buying process.
The 30yr fixed mortgage rate is back above 7% for the first time since early March. Housing affordability is the worst in decades.
Faltering California took another economic hit on Friday, as America's largest personal lines insurer said it would immediately stop selling new home insurance policies in the state. California is the largest property and casualty insurance market in
Existing home sales slumped in April while new home sales soared (thanks to heavy incentives and price cuts) and this morning's pending home sales data was expected to rebound modestly after a sizable decline in March. However, pending home sales in