THE MASS EXODUS FROM THE WEST COAST IS DRIVING HOME PRICES IN IDAHO TO INSANE LEVELS
...the new home sales surge looks like a big outlier for now...
As millions of renters across America continue to benefit from sweeping protections against eviction during the COVID-19 pandemic, their landlords haven't been so fortunate.
Lots of people have been moving away from the west coast over the last decade, but we have never seen the sort of mass exodus that we have seen over the last year.
Phoenix and San Diego lead the charge in terms of price appreciation but as we note below, all major cities are seeing home price inflation at multiples of The Fed's mandate. Even the "cheapest" homes in America are growing at four times The Fed's in
Join Ken McElroy and co-host Danille this week in a discussion about interest rates, the housing market, and how to get a great deal with your financing.
U-Build is a modular construction system even completely inexperienced builders can assemble with simple hand tools. The flat-pack kit is made from CNC-cut plywood; components are slotted together like puzzle pieces using only a mallet and a drill.
Thanks to the base effect, this means new home sales are up a stunning 66.8% from last March's lockdown lows...
After unexpectedly plunging in February (exaggerated by weather conditions), analysts expected existing home sales to continue to slide in March as affordability (inventories and rates) squeeze the marginal panic-buyer at record high prices
Less than a week ago, we published an article explaining that the ongoing "Supply Chain Collapse Leads To Lumber Frenzy, Soaring Home Prices."
If there has been one surefire beneficiary of the Fed printing trillions of new dollars and bailing out the entire U.S. economy at the cost of what will likely be a hyperinflationary disaster in the future, it has been the housing market.
Rent control can't fix housing problems. It's one of the few issues economists overwhelmingly agree on.
There are endless rankings of the US states: whether they are the best places to live, the best places to do business, how much fun they are. Such judgements are made by economists, companies, and journalists – but what do Americans themselves thin
...proposal would allow for a loan modification that would give homeowners the option to EXTEND their loans in forbearance by no more than 480 MONTHS…which is 40 YEARS…without AN increase to that persons interest rate.
There has been a clear shift in market mood and sentiment ever since the COVID pandemic: whereas the Fed smashed mortgage rates to record lows, and the federal government delayed the foreclosure wave via forbearances.
Experienced homesteaders know that you don't need to own a large piece of property to reap all the benefits of this self-sufficient lifestyle. You just need to be creative and resourceful to achieve your goals with a smaller homestead
California's Coachella Valley will soon be home to the first American neighborhood comprised entirely of 3D-printed houses.
(Natural News) The Centers for Disease Control and Prevention (CDC) has extended a nationwide ban on tenant evictions until June 30. CDC Director Dr. Rochelle Walensky signed the order on March 28 as a way to curb the spread of the Wuhan coronavirus.
What would I do if I lost it all now? How would I get started in real estate again? What are the keys to a successful real estate career?
Why the housing market will crash by late 2021 or early next year If the government doesn't throw money on this problem. With 2.5 Million due on their mortgages and 8.8 million now are late on their rent payment. In Todays video Ken Mcelroy explained
A company called Mighty Buildings is able to 3D-print 350-square-foot housing units in just 24 hours thanks to its UV-curable synthetic stone material.
7 Great PREFAB HOMES #7
"It's genuinely unfathomable to me that we live in a state where something like this is even possible."
While pending home sales tumbled in January, Existing Home sales rebounded but were expected to slide in February as interest rates rose, and they did, dramatically. Against expectations of a 3.0% decline, existing home sales plunged 6.6% MoM in Febr
If you've been searching for a documentary that breaks down the housing market historically - well, we might have found one on Amazon Prime Video titled "Owned: A Tale of Two Americas."
The housing boom unleashed by the Federal Reserve during the virus pandemic was built on historically low mortgage rates, low inventory, city-dwellers moving to rural areas, and remote-work phenomenon.
Instead of building community around a golf course or a pool, they argued for making the farm the focal point and to build tiny houses around it so residents would benefit from fresh produce and views of fields and flowers.
Americans are eager to compare prices as the advent of the 'Zoom Town' creates new alternatives...
Once again, household portfolios are oversized and unbalanced, driven higher by a massive gain in a single asset (equities).
However, housing starts crashed in the MidWest (down 34.9%) suggesting this unexpectedly large drop is weather related.