US - Housing 03 (Aug 20 - Dec 26)

[behappyalways]

US Home Prices Rose At Fastest Pace Ever In February... Right Before Rates Exploded
https://www.zerohedge.com/markets/us-ho ... s-exploded

[behappyalways]

Rising Rates Are Squeezing Landlord Profits
https://www.zerohedge.com/markets/risin ... rd-profits

[behappyalways]

Caser-Shiller Home Prices Soared By Record In March, But...
https://www.zerohedge.com/markets/caser ... cord-march

[winston]

Mortgage demand plummets

Applications for a mortgage to purchase a home fell 7% for the week and were 21% lower than the same week one year ago.

Refinance demand dropped 6% for the week and was down 75% year over year.

Add to this an average home price that soared 20% year-over-year in May, and housing has simply become too unaffordable for many would-be homebuyers.

Yahoo Finance! reports that buyers of median-priced homes are now looking at monthly mortgage payments that are 53% higher than one year ago.

Source: Investor Place

[winston]

The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist

BY LANCE LAMBERT

Home sales are falling. Inventory levels are rising. And home sellers are cutting list prices at the fastest clip since 2019.

Moody's Analytics chief economist Mark Zandi tells Fortune, is the start of a full-blown housing correction. Zandi predicts the year-over-year rate of U.S. home price growth will plummet from the all-time high of 20.6% to 0% by this time next year.

Source: Fortune

https://fortune.com/2022/06/09/housing- ... rtunedaily

[behappyalways]

Median Manhattan Apartment Rent Tops New Record-High Of $4,000
https://www.zerohedge.com/markets/media ... -high-4000


Apartment Companies Saw Net Income Spike 57% Last Year Thanks To Rising Rents
https://www.zerohedge.com/markets/apart ... sing-rents

[behappyalways]

Housing Affordability Hits Record Low As Mortgage Rates Soar To 6.1%
https://www.zerohedge.com/markets/housi ... es-soar-61

[behappyalways]

高房價推升租屋商機 「只租不賣」社區炙手可熱｜FOCUS午間新聞 20220616
https://m.youtube.com/watch?v=NHZ77ruBAmM

[behappyalways]

US Rent Costs Surge To Record Highs As Americans Expect Inflation To Get Worse
https://www.zerohedge.com/economics/us- ... -get-worse

[behappyalways]

New Home Sales Unexpectedly Rebounded In May As Prices Plunged
https://www.zerohedge.com/personal-fina ... es-plunged