This chart is pretty much self-explanatory and I don't think I have to go too deep into it. While the current level of new homes sold of 600k is normal. A continued deterioration would be of great concern. With sustained higher rates there is a good chance this will trigger a recession signal. On the flip side, FED PIVITOORS have been wrong that we were/are in a...
New Home Sales hit a 6-year low in July, down over 50% from their 2020 high.
This one will be super simple, not much to be stated here. With big corp and foreign investments going into housing not just in the states but globally, we are seeing some really crazy stuff in housing. This chart looks at new one family houses sold vs new housing permits and privately owned housing units total. In my honest opinion housing is, like everything,...
Housing is being bought up by major investment firms in mass right now. Namely Blackrock (you know, the military contract giant, yea that one) If you are waiting for housing to drop like I am to move into your first home, I guess these major investment firms will have to go belly up first or sell (going belly up looks more likely, pigs get fat and hogs get slaughtered.)
Be very careful those who wants to buy houses, I would suggest stay liquid or park your capital somewhere you will not loose your purchasing power as we know Central Banks are printing Trillions of USD/Euros to bring back stability but at the cost of taxpayers money, they are printing more money indirectly stealing the purchasing power of people who saved their...
Dates in the future with the highest probability for price direction reversals
Housing market was hit the hardest back in the 2008-2009 US recession, which triggered by the burst of the mortgage backed securities bubble. Since then, US economy has restored her losses in most regards, if one is to look at the economic data. Housing market, however, started to recover only in 2012 and is yet to reach its pre-bubble performance. It is...