US - Housing 03 (Aug 20 - Dec 26)

[behappyalways]

The median price of an existing home sold in the US is up 14% from the January low, now less than 1% below its all-time high from June 2022.
https://twitter.com/charliebilello/stat ... 8779122688

[behappyalways]

US Home Prices Jumped By Most In A Year In May, Case-Shiller Data Shows
https://www.zerohedge.com/personal-fina ... data-shows

[behappyalways]

Starter Homes Are Becoming Extinct, Making 'The American Dream' Unaffordable
https://www.zerohedge.com/markets/start ... affordable

[winston]

The Housing Market is Back — And the Boom Could Last for Years

by Brett Eversole

Some of housing’s headwinds are still around. For instance, mortgage rates remain high. But folks are getting more used to them with each passing day.

Meanwhile, the housing-supply shortage is still a problem that can’t be fixed overnight. This deficit of homes on the market has already set a floor under prices. And that should help launch us back into the boom that was underway in 2021.

In simple terms, the housing market is back. And unless we get another crazy shock to the system, the boom could last for years.

Source: DailyWealth.com

https://dailytradealert.com/2023/08/01/ ... for-years/

[behappyalways]

Manhattan Rents Hit Record High As Lease Activity Slumps, Indicating Deepening Affordability Crisis
https://www.zerohedge.com/markets/manha ... ordability

[behappyalways]

Not So Fast With The CPI Celebrations: Rents Are Surging Again And Back To Record Highs
https://www.zerohedge.com/economics/not ... cord-highs

[winston]

Home Prices Have Nowhere to Go But Up

by Brett Eversole

The U.S. just doesn’t have enough homes available right now.

In July, a little more than 1 million homes were up for sale in the U.S. That figure has edged slightly higher from the worst of last year. But it’s still crazy low compared with history.

Overall, housing inventory is down by 51% since the data began in 1999. Meanwhile, the number of owner-occupied homes is up 24%.

Even more, the overall U.S. population has increased a similar amount since 1999. It grew from 279 million to 340 million. That’s a 22% increase.

Source: DailyWealth.com

https://dailytradealert.com/2023/08/29/ ... go-but-up/

[behappyalways]

US Home Prices Rose For 4th Straight Month In June, Case-Shiller Data Shows
https://www.zerohedge.com/personal-fina ... data-shows

[behappyalways]

Rent change turned negative in August for the US, at least by one measure.
https://twitter.com/AyeshaTariq/status/ ... 0700643546


Buying a home costs almost $1000/month more than renting in the US as affordability hits record lows.
https://twitter.com/Mayhem4Markets/stat ... 5430116473


Housing affordability is the lowest on record, pricing many out of the market entirely in 2023
https://twitter.com/Mayhem4Markets/stat ... 0265108790

[behappyalways]

San Fran Is Officially America's Worst City: 1 In 8 Home Sellers Lose Money With An Average Loss Of $100,000
https://www.zerohedge.com/markets/san-f ... oss-100000