US - Housing 03 (Aug 20 - Dec 26)

[behappyalways]

US Home Prices Surge At Record Pace, Phoenix Up Over 32% YoY
https://www.zerohedge.com/personal-fina ... ver-32-yoy

[behappyalways]

Housing's On Fire... Literally: Burned-Out Boston Home Selling 'As Is' For $400K
https://www.zerohedge.com/markets/burne ... lling-400k

[behappyalways]

Largest US Homeowner Raises Rents As Housing Crunch Persists
https://www.zerohedge.com/markets/large ... h-persists

[behappyalways]

不只通膨.高油價 全美房租漲不停再創新高｜游皓婷｜FOCUS午間新聞 20211220
https://m.youtube.com/watch?v=AQ2JNn4Lm54

[behappyalways]

Manhattan Retail Rents Plunge Without Office Workers, Tourists
https://www.zerohedge.com/markets/manha ... s-tourists

[behappyalways]

Soaring Rents Eat Americans' Wage Increases... And Then Some
https://www.zerohedge.com/personal-fina ... -then-some

[behappyalways]

Phoenix's Tent City Expands To Nearly 1,000 As Housing Affordability Crisis Worsens
https://www.zerohedge.com/political/pho ... is-worsens

[behappyalways]

通膨.缺工.房價漲 美國中產階級轉買迷你屋｜方念華｜FOCUS全球新聞 20220314
https://m.youtube.com/watch?v=-m1bd0glicc

[winston]

Mortgage delinquencies rose for the first time in 9 months. Here’s what that means for the housing market.

By Alisa Wolfson

In February, the national delinquency rate rose for the first time in 9 months, largely driven by a 97,000 rise in early-stage delinquencies — or those that were 30 – 60 days past due.

The number of properties that are 30 or more days past due or in foreclosure reached approximately 1.95 million nationwide, while total U.S. foreclosure starts hit 25,000, up 541% from the same time last year.

Even though the total number of past-due loans rose 1.8% in February 2022 from a month earlier, it’s essential to note that the delinquency rate remains near pre-pandemic levels.

Source: Market Watch

https://www.marketwatch.com/picks/mortg ... f2&tesla=y

[winston]

Sales of new US homes drop to lowest in four months

Sales of new US homes drop to lowest in four months, indicating high prices and surging borrowing costs are putting more of a squeeze on the market.

Purchases of new single-family homes decreased 8.6 per cent to a 763,000 annualised pace, government data showed Tuesday.

The median estimate in a Bloomberg survey of economists called for a 768,000 rate.

Mortgage rates have sharply escalated as the Federal Reserve signals aggressive steps to combat decades-high inflation.

The average for a 30-year loan climbed to 5.11 per cent last week, up two full percentage points from the end of last year and the highest since 2010, the latest Freddie Mac data show.

The steep ascent in borrowing costs, combined with high home prices across markets, is sidelining more prospective buyers.

Source: Phillips