median
Inflation Alert! April 2023 Rental Report: The median asking rent was $1,734, up by $4 from last month and down by $43 from the peak but still $348 (25.1%) higher than the same time in 2019 (pre-pandemic).
by Dismal-Jellyfish Source: https://www.realtor.com/research/april-2023-rent/ In April 2023, the U.S. rental market experienced single-digit growth for the ninth month in a row after fifteen months of slowing from a high of 16.4% growth in January 2022. Median rent across the top …
The minimum wage is $7.25 today. The average annual cost of public school tuition is $10,423. The median cost of houses sold is $437K, which is 4.9X the median household income.
The Charmed Life of a Baby Boomer Named James: James was born in 1946 during a time of peace, shortly after the most deadly war in history. He begins work in 1962 at age 16, he is paid the minimum …
In February, year-over-year changes in home prices gained less than 5% for the first time since May 2020. Median existing-home price for all housing types in February was $363,000, a 0.2% drop from February 2022, ending a 131 consecutive months streak of year-over-year increases (longest on record.)
by Dismal-Jellyfish Source: https://www.newyorkfed.org/research/home-price-index What did the housing data say in February? From the National Association of Realtors: The median existing-home sales price decreased 0.2% from the previous year to $363,000. Existing-home sales jumped 14.5% in February to a seasonally …
Crazy Train! US Existing Home Sales Crash To -22% YoY, Median Price Growth Goes Negative As Inventory For Sale Remains MIA (20 Straight Months Of Negative Home Sales)
by confoundedinterest17 We are on the Biden/Fed crazy train! According to the National Association of Realtors, existing home sales fell -2.4% in March from February. And fell -21.97% since the same time last year (YoY). And the median price of …
Alarm! US New Homes Sales DOWN -19% Since Last Feburary (Median Sales Price DOWN -8.18% Since Dec 31, 2022)
by confoundedinterest17 Alarm! New home sales rose 1.11% since January and is down -19% since last February (YoY). The median price of new home sales is down a whopping -8.18% since December 2022. And average price is down -12.83%.
US Existing Home Sales Plunge -22.64% YoY In February As Fed Withdraw … For The Moment (Median Prices Decline -0.2% YoY)
by confoundedinterest17 I have good news bad news for you. The good news? US existing home sales SOARED in February. Up 14.5% MoM in February to 4.58 million units SAAR sold. The bad news? On a year-over-year basis, existing home …
US Existing Home Sales Crash -37% YoY In January (Median Price YoY Falls To 0.67%) As The Fed’s Thrill Is Gone
by confoundedinterest17 The thrill is gone from housing as The Fed tightens away. Well, January’s existing home sales numbers were horrific. Down -37% year-over-year (YoY) and down -0.7% MoM. The median price of existing home sales fell to 0.67% YoY.
Americans With a College Degree Saw Wages Decline the Most in Two Decades — Median wages fell 7.4% in 2022 for those with undergrad degree — High school graduate wages increased most since 2001: NY Fed (Bloomberg)
When it comes to wages, fortunes flipped last year for college and high-school graduates. In 2022, median annual pay was $52,000 for Americans with a bachelor’s degree, according to data released by the New York Federal Reserve Friday. That’s …
Banks Tightening Credit Boxes As Median Age Of US Homebuyers Rises From 31 To 47
by confoundedinterest17 The Federal Reserve is doing Archie Bell and The Drells “Do The Tighten Up!” Over the fourth quarter, significant net shares of banks reported having tightened standards on C&I loans to firms of all sizes. Banks also reported having tightened all …
Good News, Bad News! US New Home Sales Rise 2.3% In December, But DOWN -23% YoY (Median Price UP 7.8% YoY While M2 Money Growth Goes Negative)
by confoundedinterest17 The December new home sales report is good news and bad news. The good news? US new home sales rose by 2.3% in December from November to 616k units sold SAAR. That is the good news. The bad news? Since …
US Median Home Price Drops 12% in Six Months – Largest Drop Since 2009
San Francisco home prices have already fallen 30% from peak. Denver, Austin, and Phoenix are all pushing 20% drops from peak. It’s real. It’s happening. It’s not “small”. Since everyone in the median home sales volume thread keeps saying “prices aren’t …
Case-Shiller Home Price Index Decelerates To 18% YoY In June (Existing Home Sales Median Price Decelerated To 10.55% YoY In July) FLA and TX Fastest Price Appreciation
by confoundedinterest17 US home price growth is decelerating as The Federal Reserve let’s some of the air out of the monetary tires. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported an 18.0% annual …
Tampa rent increased over 20% in the past year for a median rent of $2414
According to Zillow, the median rent in Tampa a year ago was $2001. The median increase in the past year is $413 for a $2414 median rent as of this month. https://www.zillow.com/rental-manager/market-trends/tampa-fl/ That’s over a 20% increase. Do they want …
American dream is over? Salary needed to buy the median US home is now $76K – and the typical family cannot afford a house in 35 of country’s 50 biggest cities
by Boo_Randy Heckova job, “Zimbabwe Ben” Bernanke, Yellen the Felon, & BlackRock Jay. https://www.dailymail.co.uk/news/article-11080955/Median-salary-needed-buy-home-76K.html A family making the median national income can no longer afford the typical house in 35 of the country’s 50 biggest cities, according to a new …
Still Hot, Hot, Hot! US Existing Home Sales Fall -2.4% MoM In April, But Median Price Is 14.85% YoY And Inventory For Sale Remains MIA (Fed Stimulypto Still Helping Housing Bubble)
by confoundedinterest17 US Existing Home Sales were 5.61M SAAR in April, down -2.4% from March’s -3.0% MoM reading. But median prices YoY for existing home sales printed at 14.85%, still hot, hot, hot. With 3 consecutive declines in MoM existing home sales, …
US New Home Sales Decline -19.3% YoY As Mortgage Rates Rise (Median Price Of New Home Sales UP 13.4% YoY)
by confoundedinterest17 US new home sales declined -19.3% YoY in January as mortgage rates have risen awfully fast. On a MoM basis, US housing starts declined -4.53% from December, but heck … its winter. The median price for new homes rose …
Largest 2 month decline ever in the median sales price for new homes in the US.
Largest 2 month decline ever in the median sales price for new homes in the US. pic.twitter.com/XJIiYzkGNm — Darin D. Fessler ✝️ (@DDFalpha) February 5, 2022
US New Home Sales Crash -14% YoY In December As Median Price Slows To +3.4% YoY (Mortgage Applications Decline As Mortgage Rates Increase)
by confoundedinterest17 US new home sales spiked in December by 11.9% from November, but were down 14% year-over-year. But the median price of new home sales (YoY) declined to 3.4%. The Midwest saw a surge in new home sales (+56%). …
US Existing Home Sales: Still No Inventory, Median Price UP 14.85% YoY (Freddie’s 30Y Mortgage Rate Rise To 3.56%)
by confoundedinterest17 The banner headline is … US existing home sales declined 4.6% MoM in December. But that isn’t the interesting news. The interesting news is the mystery of the missing housing inventory. While various pundits told us that inventory would …
Following yesterday’s 7% CPI inflation print for the US, look today for the PPI. The median forecast of 9.8%, if met, would constitute another record annual increase in producer prices.
With these data surprised fed hasn't done emergency rate hikes. 7 cpi print yet they are so patient — Shami (@ShamimU61554433) January 13, 2022
US New Home Sales Decline 14% YoY In November While Median Prices Rise By 18.8% YoY
by confoundedinterest17 Inflation keeps clubbing Americans to death. This time in the form of New Home Sales prices. November’s New Home Sales figures are out. New Home Sales declined 14% YoY while the median price of New Home Sales is up …
US Existing Home Sales Rise In November While Median Price Rises 13.9% YoY Amidst Declining Inventory
by confoundedinterest17 While the Bureau of Labor Statistics uses a lame measure of house price inflation, US existing home sales MEDIAN PRICE YoY is growing at 13.9%. US existing home sales rose by 6.46 million units SAAR, less than the expected …
Median U.S. Home Price Just Passed $400,000 For First Time Ever! (Prices Could Rise Another 16% By End Of 2022)
by confoundedinterest17 In the third quarter the median home price hit $404,700, jumping nearly 13% since third quarter of 2020, when the median sales price was $358,700. Though it’s an eye-catching number, the market has been hot of late, and a lack …
US New Home Sales Rise 14% In September As Median Prices Rose 20.1% YoY (Fed Pumping Trillions Into Clogged Economic System)
by confoundedinterest17 US new home sales rose a whopping 14% in September as the median price of new home sales rose 20.1%. Existing home sales still remain low allowing median prices to soar with Fed money printing. New home sales surged …
New Home Sales Beat Expectations As Median Prices Soar 20.1% YoY (Green Man!)
by confoundedinterest17 New Home Sales beat expectations thanks to the massive monetary stimulus in the system that The “Hawkish” Fed seems to not want to withdraw. Aka, Greenman! (Bloomberg) — Aug. new home sales rose 1.5% to 740,000 annual rate …
US New Home Sales Rise To 708K Units SAAR In July (+1% From June) While Median Price Soars To $390K
by confoundedinterest17 The good news! US new home sales rose 1% in July to 708k units SAAR. The bad news? The median price of new home sales is $390k. More bad news for the midwest and northwest. New home sales …
US Existing Home Sales Median Price Slows To 17.8% YoY In July On Continued Low Inventory For Sale (EHS Increased To 5.99M SAAR)
by confoundedinterest17 Feeling hot, hot, hot. Housing, that is! US existing home sales in July rose to 5.99 million SAAR, beating expectations. But the inventory of home available for sale remains low by historic standards. The median price of existing homes declined …
US June New Home Sales Disappoint, Down 6.6% Since May (Median Price For NHS Drops 5%)
by confoundedinterest17 The expectation was for a 796k print for May, but new home sales checked in at 676k instead. That represents a decline of 6.6% from May to June. And the median price of new home sales fell 5% …
US Existing Home Sales Rise 1.4% MoM In March, But Median Prices Soar 23.4% YoY With Small Increases In Inventory (Where Have All The Affordable Houses Gone?)
by confoundedinterest17 I was reading the usual pundits talking about massive increases in housing coming onto the market, then I saw today’s existing home sales numbers from the National Association of Realtors. US existing home sales were up 1.38% in June …