Housing Affordability is now worse than it was during the early stages of the 2008 housing bubble pic.twitter.com/L4ZxRb8jN6 — Barchart (@Barchart) March 29, 2023 Home Price Decline by City (% Change from High): 1. San Francisco: -17%2. Seattle: -16%3. San …
h/t JPowsSecretlover
Home affordability has dropped to levels roughly 3 times worse than during the GFC. Home stats have become troubling. Source: Morgan Stanley pic.twitter.com/MmKhUDrSKF — Ayesha Tariq, CFA (@AyeshaTariq) February 27, 2023 🎶 Do you remember 🎶🎶 We have seen this …
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by Boo_Randy Gen-Z, most of you don’t have a hope in hell of ever owning your own house free and clear as long as the gold collar criminals at the central banks and their private equity accomplices like BlackRock continue …
by confoundedinterest17 Baby, let me take you home is getting more difficult as mortgage rates approach 6%. The National Association of Realtors’ Homebuyer Affordability Index for fixed-rate mortgages is now at the lowest reading since 2006 and the peak of the 2005-2007 …
by silvertomars Housing today is less affordable than at the housing bubble peak of 2006… either interest rates will have to come down a lot or real estate prices will have to come down substantially… “Builder confidence fell for the eighth …
https://twitter.com/WallStreetSilv/status/1553946906535108608 "Sydney house affordability tipped for sharpest improvement in 30 years" – fixed the title for AFR… pic.twitter.com/LF8VtpHAng — rabbittail (@rabbit_wealth) July 31, 2022
by Boo_Randy Just when you think the Keynesian fraudsters at the central banks couldn’t possibly be any more reckless and irresponsible with their monetary malpractice, they go and prove you wrong. The BoE, after blowing one of the most insane …
by silvertomars The debt-to-income (DTI) ratio is the percentage of your gross monthly income that goes to paying your monthly debt payments and is used by lenders to determine your borrowing risk… 1971: avg home: $25,000. avg income: $10,500. You …
In America we just tax the f*ck out of the citizens so they can be offered all kinds of government programs. The Ontario government is hiking its tax on foreign homebuyers ahead of a provincial election campaign where affordability is …
Affordability in housing market getting squeezed several ways … existing & new single-family home prices (medians shown in blue and orange) are still high relative to history & mortgage rates (white) are now moving higher pic.twitter.com/2oMXXmK1V0 — Liz Ann Sonders …
by howmuch The coronavirus pandemic is reshaping the U.S. economy in a lot of different ways, especially the housing market. COVID-19 has sent office workers looking to move away from major cities and into the suburbs for more space, and historically low mortgage …
by WARREN MOSLER Imports and exports both decelerating indicates a weaker global economy, and weak US retail sales indicates domestic consumer spending growth is slowing: Highlights First-quarter GDP looks to get a major boost from improvement in the nation’s trade …
via eyeball1234: I tried to incorporate as much feedback as I could from my last post. This viz shows the home price for 200 cities around the globe, organized according to an “affordability index” that reflects the ratio of price …
by Trivirus http://www.demographia.com/dhi2018.pdf Index number is median house price:median income. Notable US cities (Low end): 1 U.S. Rochester, NY 2.6 2 U.S. Cincinnati, OH-KY-IN 2.7 2 U.S. Cleveland, OH 2.7 4 U.S. Buffalo, NY 2.8 4 U.S. Oklahoma City, OK …
by stockboardasset California’s housing affordability crisis is progressively getting worse. It has now plummeted to its lowest level in 10-years, and less than one in five households can afford to purchase a median-priced single-family home in the Bay Area, according to …
by stockboardasset Since 1988, the Joint Center for Housing Studies at Harvard University has provided an overview of housing market conditions in the United States. As the report marks its 30th anniversary, this year’s report suggests the housing market is overbought, immobile, and …
from Zero Hedge Following a disappointing April for home sales data, and weakness in May’s building permits data, our fiorst glance at May sales suggests all is not well. Existing home sales slipped 0.4% MoM (and were revised lower in April), well below …