US - Housing 03 (Aug 20 - Dec 26)

[winston]

This Housing Slowdown is Nearing the Worst in History

by Brett Eversole

Housing itself has yet to crash. It’s a matter of supply and demand. We simply don’t have enough homes for the folks who want them.

The average 30-year fixed mortgage rate has now eclipsed 8% for the first time since 2000… And with rates soaring, mortgage applications are down more than 60% from their 2021 highs.

Home prices have made it through without a major decline so far. And that means it’s unlikely we’ll see them crash anytime soon.

The resilience we’ve seen so far tells us housing prices won’t tumble anytime soon – in fact, they could rise even higher from here.

Source: DailyWealth.com

https://dailytradealert.com/2023/10/25/ ... n-history/

[winston]

Home Prices Just Did the Unthinkable

by Brett Eversole

The national average 30-year mortgage rate reached 8%. That’s the highest level in more than two decades.

We have a systemic undersupply of homes in the U.S. We spent most of the past decade underbuilding. And now, the number of homes available for sale has fallen 72% from the high in 2007.

The National Association of Realtors builds a similar index of the median price of existing-home sales. It turned positive on a year-over-year basis in July as well. And the index has been positive every month since.

Anything is possible. But home prices are on the rise again, despite the headwinds in real estate. That’s a reason to expect home prices to stay high in the years ahead.

Source: DailyWealth.com

https://dailytradealert.com/2023/11/01/ ... thinkable/

[behappyalways]

Real Estate Brokerages Zillow, RedFin Tumble After Jury Finds Realtors Conspired To Keep Commissions High
https://www.zerohedge.com/economics/rea ... pired-keep

[behappyalways]

Per
@BankofAmerica
it’s cheaper to rent in 95 of 97 major metroplexes. There’s never been a worse time to buy. Plus commissions are finally poised to break appreciably lower.
https://twitter.com/DiMartinoBooth/stat ... 6276584746

[behappyalways]

Visualizing why homeowners don't want to move
https://twitter.com/Mayhem4Markets/stat ... 7793356040

[winston]

These Stocks Just Made a Rare Breakout

by Sean Michael Cummings

Real Estate Select Sector SPDR Fund (XLRE).

Despite a volatile year, housing demand is as high as ever. Even the folks who are priced out of the market are finding creative ways to hack their way in.

Now, the stock market is starting to reprice real estate companies based on this demand. Simply put, XLRE’s recent jump could be the start of a longer rally.

Source: Daily Wealth

https://dailytradealert.com/2023/12/05/ ... -breakout/

[winston]

Here’s How to Trade One of My Favorite Breakout Patterns

by Imre Gams

The SPDR Homebuilders ETF (XHB) is setting up for a great trade.

Source: Jeff Clark Trader

https://dailytradealert.com/2023/12/11/ ... -patterns/

[winston]

US existing home sales fell in March as higher interest rates and house prices sidelined buyers from the market.

Home sales dropped 4.3 per cent last month to a seasonally adjusted annual rate of 4.19 million units, the National Association of Realtors (NAR) said on Thursday (Apr 18).

Economists polled by Reuters had forecast home resales slipping to a rate of 4.20 million units.

Sales fell in the densely populated South, the Midwest, which is considered the most affordable region, and the West.

They rose in the Northeast for the first time since November.

Home resales, which account for a large portion of US housing sales, declined 3.7 per cent on a year-on-year basis in March.

Source: Phillips

[winston]

The Housing Market is Showing Signs of a Reversal

by Brett Eversole

Rising rates and falling affordability were irrelevant. Instead, we had a systemic undersupply of homes. And that meant prices couldn’t crash.

A decade of underbuilding had left the market millions of units short of demand. Inventory hit the lowest levels on record.

So prices didn’t budge – even while home sales collapsed.

Existing-home sales collapsed over the past few years… And the lack of inventory kept prices propped up.

Now, though, sales are finding a bottom. That’s a promising sign for the market’s health.

Source: DailyWealth.com

https://dailytradealert.com/2024/04/24/ ... -reversal/

[behappyalways]

650,000 people across the U.S. are homeless;
Oregon evicts street residents and enacts anti-homeless law

全美65萬人無家可歸 奧勒岡驅逐街友頒「反露宿法」｜十點不一樣20240424

https://m.youtube.com/watch?v=W2bIW-HJ5Eg