Even with the significant decline in sales since January of 2022, the median sales price is up 10.8% year over year. The post Savage: Even with...
- by New Deal democratBy now you may already know that existing home sales declined further in July, to an 8 year low (excluding the pandemic...
Futures Levitate Higher After China Vows To Accelerate Reopening US futures were flat as the Fed minutes did not help resolve the uncertainty...
Futures Tumble After UK Double-Digit Inflation Shock Sparks Surge In Yields Futures were grinding gingerly higher, perhaps celebrating the...
Record Number Of Homebuyers Walk Away From Contracts As Builders Reel Amid Glut Of Unsold Houses Between cratering homebuilder and homerbuyer...
Futures Reverse Early Losses As Walmart Beat Sparks Relief Buying US stock futures drifted modestly lower after hitting a 4-month high just...
The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 49, down from 55 in July. Any number below 50 indicates...
Homebuilder Confidence Plummets For 8th Consecutive Month, Worst Slump Since 2007 Crash The headline NAHB market index fell in June from 55...
Futures Slide, Oil Tumbles After Dismal Chinese Data US equity futures stocks were mixed and commodities from oil to iron ore tumbled as the...
The problem with new listings declining now is what will happen if mortgage rates make a solid push lower. The post Is housing inventory growth really...
Wall Street Reacts To Today's Huge CPI Miss “Remember that one month does not make a trend. But also remember that every trend starts with...
US stocks edged lower after a round of economic data reminded Wall Street that stagflation is here. Stocks won’t be able to do much as summer...
US Housing Inventory Grows At Record Pace As Buyers Slow Down; Shiller Warns Of 'Heightened Risks' The number of houses sitting on the market...
On the same day, the BLS revealed that we've recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. The...
The latest on the UK base rate rise and how it might affect your finances
History indicates house prices are more likely to see a correction and prolonged stagnation, not a crash
China's Housing Market Slump Becomes A Real Issue Authored by Daniel Lacalle, A few months ago, I wrote that the Chinese slowdown was much...
Boise, Idaho Becomes The Canary In The National Housing Market Coal Mine One of the key housing markets that tore higher during the pandemic...
The US economy shrank for a second straight quarter. While some call that a recession or a strong sign of one, a financial economist explains why...
What Was the Great Recession? How Long Did It Last? The most severe economic downturn since World War II occurred between December 2007 and June 2009....
Is The Fed At The End Of Its Rope? Authored by Michael Maharrey via SchiffGold.com, The Federal Reserve delivered another 75 basis point...
After raising rates by 75 bps on Wednesday, the question is whether the Fed will keep aggressively hiking rates if the economic data worsens. The post...
The 2022 Consumer Housing Trends Report (CHTR) provides a snapshot of what housing consumers are thinking and doing in early-to-mid 2022. In this report,...
The real estate market frenzy is over, we're seeing more normal patterns. Here's what to expect with inventory and prices into early 2023. The post Mike...
What To Watch For As China's Politburo Meets By Ye Xie Bloomberg Markets Live commentator and reporter China’s Politburo meeting for July,...
The headlines crossing the tape of the past week regarding the economy are anything but reassuring, and yet stocks are rising in spite of negative news....
Not everyone is leaving California, and plenty of buyers are still interested in LA. But it is cooling, local agents report. The post Even super hot...
Because housing is sensitive to changes in borrowing costs, it can tell policymakers and consumers a lot about whether the Fed’s plan is working.
Where there is no hope it is incumbent on us to invent it. Albert Camus The economic data released last week was almost uniformly bad. We...
Commodities across the board rallied after the Russian invasion of Ukraine and have since declined significantly. Before the War though, commodities were...