Existing home sales plunged, new home sales surged… so today’s pending home sales print will be the decider over what level of bloodbathery is
Before we dig into this morning’s new home sales data, we note that both homebuilders and homebuyers have seen a rebound in confidence this year (even
Housing recessions matter because they are the ‘canary in the coal mine’ for economy-wide recessions. Not all economic recessions follow housing recessions1, but most
The total value of U.S. homes was $45.3 trillion at the end of 2022, down 4.9% ($2.3 trillion) from a record high of $47.7
Existing home sales had fallen for a record 11 straight months ahead of this morning’s print for January, which consensus expected to reveal a
Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a
Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a
Housing Starts and Permits have declined for 3 straight months but today’s data for January was expected to be more mixed with permits rebounding
A new White House plan to nationalize housing policy and grant renters more protection has left mom-and-pop landlords with questions and concerns.
It may come as a bit of a shock to those who have been following the creeping freeze in housing transactions as the bid-ask
While existing home sales slipped to cycle lows in December, new home sales bounced and this morning analysts were surprised to see pending home
US existing home sales dropped for the 11th straight month in December (-1.5% MoM – slightly less than expected thanks to downward revisions of
Rents Rising Faster Than Home Prices in Almost Half the U.S.; Both Renting and Owning Unaffordable for Average Workers Throughout the Country; Renting Still
The latest evidence that Fed Chair Jerome Powell’s most aggressive interest rate hikes in a generation and spiking mortgage rates might trigger a housing “reset” is
Home prices have started to correct as interest rates rose sharply in 2022. However, the real problem for home prices is still coming in
Tl;dr: Headline and Core CPI printed ‘as expected’ (which is likely disappointing for the whisper numbers and remember the last CPI printed ‘cooler than
Property management firm RealPage published new data that shows demand for US apartments began “evaporating” as early as last summer as the highest inflation in a
No Federal Reserve officials thought it’d be appropriate to begin cutting rates in 2023, and officials worried easing financial conditions could complicate the central
More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record
A downturn in the residential real estate market could be nearing, Kieran Clancy, a senior US economist at Pantheon Macroeconomics, recently warned. The potential
