Instead, they are nothing more than a way for them to restrict, coerce, fine, punish, surveil, and limit the fundamental right of freedom of movement for residents.
As the Federal Reserve continues its hawkish market reset - which has contributed to a rise in interest and mortgage rates - real estate experts are sounding the alarm that "big trouble" lies ahead for the U.S. market.
Home prices have started to correct as interest rates rose sharply in 2022. However, the real problem for home prices is still coming in 2023 as the standoff between sellers and buyers comes to a head.
The housing market has seen extreme highs and lows this year. Fluctuating home prices and mortgage rates are primarily attributed to inflation, fears of a recession, and the U.S. Federal Reserve's economic policy.
"Mortgage rates are lower than October 2022 highs, but would have to decline substantially to generate additional refinance activity," noted Joel Kan, an MBA economist.
The Los Angeles Eviction Moratorium has been extended again until January of 2023. A new piece of legislation proposes to extend the eviction moratorium until June of 2023.
The 21st century, only 23 years old, has already had two giant, international housing bubbles. It makes one doubt that we are getting any smarter with experience...
As a historic cold front blankets the continental US - because global warming of course - locking down hundreds of millions, and paralyzing the economy and infrastructure...
After the dismal homebuilder sentiment data earlier in the week, it is no surprise that analysts expected a drop in both housing starts and building permits for November (the latest data) and they were right.
Tom Halverson, chief executive officer of CoBank, a cooperative lender serving rural America, said the expansion of broadband and the ability to work from home helped fuel that shift.
The U.S. Securities and Exchange Commission (SEC) has reached out to Blackstone Inc (BX.N) following an increase in investors pulling money from its real estate fund, Bloomberg News reported on Friday, citing people familiar with the matter.
Tack on the impact of the Bank of Canada's policy tightening on interest payments by households, and it's not hard to see consumption spending treading water come 2023.
In April, RH (the stock-buyback/short-squeeze mogul formerly known as Restoration Hardware) reported dismal earnings which sent its stock plunging and prompted CEO Gary Friedman to give an ominous assessment of the overall macro situation.
After tumbling for the first time since 2012 in July, Case-Shiller's 20-City Composite Home Price index was expected to drop for the third straight month in September (the latest data available) as mortgage rates soared, crushing affordability;
I am extremely concerned by what I am seeing in the housing market. When the Federal Reserve decided that it was going to start aggressively hiking interest rates, it was obvious that there would be a housing crash.
In 2015, Airbnb cofounder Joe Gebbia wanted a backyard house, but couldn't find anything he liked, so he decided to get into the business of creating and selling ADUs. Seven years later, he has launched Backyard, an off-grid steel prefab that comes
Private property and home ownership is an American aspiration; yet home affordability is becoming more and more challenging for middle-class Americas...
• http://theeconomiccollapseblog.com by Michael Snyd
If you live in a major urban area, you may have noticed that "tent cities" are starting to pop up all around you. The worst inflation crisis in decades has combined with the worst drug crisis that we have ever seen to create an unprecedented hom
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