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Housing

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By Charles Hugh Smith OfTwoMinds.com

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

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https://moneymaven.io

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

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https://www.zerohedge.com

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

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https://www.zerohedge.com

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

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