Mortgage demand drops to 27-year low as interest rates pull back
• https://www-cnbc-com, Diana OlickAfter rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand.
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Housing
Mortgage demand drops to 27-year low as interest rates pull back
• CNBCApplications for a mortgage to purchase a home fell 2% for the week and were 28% lower than the same week one year ago.
Visualizing The Monthly Cost Of Buying Vs Renting A House In America
• https://www.zerohedge.com by Tyler DurdenWith home prices and mortgage rates both rising, the U.S. is now witnessing the biggest numerical gap in the monthly cost between owning a home and renting in over 50 years.
New Migration Data Reveals Urban Exodus Continues Despite Frozen Housing Market
• https://www.zerohedge.com by Tyler DurdenDespite the worst housing affordability crisis in decades and a frozen housing market, the latest migration data reveals a clear pattern: Americans continue to ditch California's urban centers, Chicago, and Northeastern cities, flocking to Sun Belt a
Homeowner Attempting To Evict Squatters Was Arrested
• https://www.newsready.com, NewsReady.comSix months after being arrested for trying to enter his own property, a Georgia man is still being kept out by squatters.
CA insurance company drops customer after 'drone' took aerial images of yard
• ABC 7But the company would not show him the pictures. Later, he was told there was no drone, just aerial photos. He felt it intruded on his privacy, with no way to reinstate his policy.
Americans Abandon Home Insurance: An Ominous Sign In Era Of 'Bidenomics'
• Activist PostIn yet another ominous sign, consumers are being pushed to the financial brink, leading some to abandon homeowner insurance due to soaring premiums.
How Big is the US Housing Bubble?
• Mish TalkSome deny there is a housing bubble. I believe the bubble is obvious.
How Big Is the US Housing Bubble?
• https://www.lewrockwell.com, By Michael ShedlockSome deny there is a housing bubble. I believe the bubble is obvious.
Zillow Extends Lifeline: New Down Payment Aid Targets Struggling Homebuyers
• https://www.zerohedge.com by Tyler DurdenOn Thursday, Freddie Mac's average rate on a 30-year fixed mortgage topped 7.09%, the highest since 2002, in yet another blow to homebuyers and a sign the housing affordability crisis worsens.
Americans Panic Search "Live Off Grid" As Housing Crisis Worsens And Democrat Cities Implo
• https://www.zerohedge.com by Tyler DurdenWhat's piqued our interest is the sudden panic by some Americans searching 'live off grid' on the internet, hitting the highest level in five years.
San Francisco Adopts Ordinance To Facilitate the Conversion of Office Buildings to Housing
• Perkins CoieIn downtown San Francisco, office vacancy has skyrocketed as hybrid work has transformed the way in which employers and employees use office space.
US set to unveil long-awaited crackdown on real estate money laundering
• ReutersThe U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.
Housing market affordability is worse now than at the height of the housing bubble in 2006
• FortuneHousing affordability, as monitored by the Atlanta Fed, has already deteriorated beyond the levels seen at the housing bubble's peak in 2006.
Atlanta homeowner arrested after finding squatters on his property
• The Republic SentinelTim Arko said in an interview with local news that he arrived at his rental property in February after tenants moved out, only to find out that someone had broken into the house. As he approached the property, he was met at gunpoint.
Biden's Wrecking Ball Benevolence for Homebuyers
• FFFWhen did being creditworthy become a federal crime? The Biden administration is intentionally punishing homebuyers with good credit scores to subsidize people with shaky histories of paying their debts.
The five best (and worst) states for job hunters: California and New York have fewest vacancies...
• https://www.dailymail.co.uk, By Sophie MannIf you are struggling to find a job, you may find it all comes down to where you live.
These Are America's Most Affordable States To Live In This Year
• https://www.zerohedge.com, by Tyler DurdenWhen it comes to housing, living expenses, taxes, insurance, and even grocery costs, South Dakota is the winner for the most affordable place to live in the United States.
Visualizing $156 Trillion In US Assets, By Generation
• https://www.zerohedge.com, by Tyler DurdenThe distribution of wealth is an important measure of the economic power of each generation.
Maui Residents Getting Evicted!!
• BrokenPatriot1974 - YouTube.com
New York Launches Plan To Rezone Midtown Offices To Houses
• https://www.zerohedge.com, by Tyler DurdenAs Manhattan prepares to roll out the tented Depression-era shantytowns known as Hoovervilles Bidenvilles smack in the middle of New York's Central Park which will house some of the "Sanctuary city's" brand new 95,000 migrants...
Brace Yourselves, Because What They Have Planned Is Going To Absolutely Devastate The U.S. Economy
• http://theeconomiccollapseblog.com, by MichaelDo you remember what happened in 2008? Many people believe that another historic financial disaster is coming and that it will absolutely devastate the U.S. economy.
Homebuilder sentiment drops sharply, as mortgage rates surge over 7%
• https://www-cnbc-com.cdn.ampproject.org by Diana OBuilder sentiment dropped 6 points to 50 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Anything over 50 is considered positive. Mortgage rates are now holding solidly over 7%, hitting 7.24% on Mo
WATCH OUT MAUI- HERE COME THE DEVELOPERS TO TAKE OVER YOUR ISLAND
• The Common Sense Show - Dave Hodges
"They Dug Their Own Graves": Elon Musk on Housing Bubble
• MSNMusk responded to the tweet with his opinion that the fundamental error made during the 2008 recession was assuming that housing prices only go up.
Something's Rotten in the American Real Estate Market
• https://www.theorganicprepper.com,Marie HawthorneWe all know something's rotten in real estate.
Mortgage demand drops again after FHA loan interest rate hits 21-year high
• https://www.cnbc.com by Diana OlickThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.09% from 6.93%.The rate on FHA loans, which are favored by first-time or lower-income borrowers because they offer low
How Wall Street Is Killing The American Dream
• https://www.zerohedge.com by James GorrieSingle-family home ownership is under assault by ultra-wealthy investment firms...
Revealed: The ten US cities where home foreclosures are rising fastest - amid concerns owners...
• https://www.dailymail.co, By HELENA KELLYRevealed: The ten US cities where home foreclosures are rising fastest - amid concerns owners are sitting on a 'negative equity timebomb'
US New Home Sales Tumble In June, Prices Tumble
• https://www.zerohedge.com, by Tyler DurdenAfter three straight months of huge resurgence (with last month's massive spike), new home sales were expected to slow down in June and they did.
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