Home Foreclosures And Missed Credit Card Payments Surge As Consumers Buckle
By Tyler Durden In the first quarter of this year, home foreclosures surged, as reported by property data firm Attom. Following a two-year lull, pandemic-related housing…
Housing
Where It’s Hardest To Afford A Home
By Tyler Durden Big cities like Hong Kong or Los Angeles are well known for their expensive real-estate markets. But, as Statista’s Katharina Buchholz notes,…
This Housing Bubble Is Different: It’s Much More Precarious
By Charles Hugh Smith And what happens next? Bubble symmetry: valuations fall at the same rate as they rose, declining back to the starting point…
First-Time Homebuyers Are Absolutely Screwed Right Now
By Tyler Durden Despite a recent softening in the US housing market, a combination of rising borrowing costs and still-high prices have put prospective first-time…
Real Wages Fall for the Twenty-First Month as Rent and Food Prices Keep Rising
By Ryan McMaken The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the…
The “Mega-Bubbles” Have Started To Burst, And That Could Mean Unprecedented Financial Chaos Is Ahead
By Michael Snyder The Federal Reserve giveth, and the Federal Reserve taketh away. In a desperate attempt to help the U.S. economy recover from the…
November Home Sales Suffer Biggest Crash In History
By Tyler Durden As a historic cold front blankets the continental US – because global warming of course – locking down hundreds of millions, and…
9 Million Millennials Moved Back In With Their Parents This Year
By Tyler Durden The good news is that they still have jobs (if one believes the goalseeked propaganda spewed by the Bureau of Labor Statistics)….
Around 450,000 Homebuyers Are Now Underwater As “Early” FHA Delinquencies Hit 2009 Levels
By Tyler Durden As the housing market continues to implode – marking a record drop in pending home sales last month amid canceled deals and…
Home Economics: 2 in 3 Americans Tackling More DIY Projects as Inflation Drives up Costs
By Chris Melore More than two-thirds of Americans find themselves spending more time at home now than two years ago – and the economy may…
A Shocking 37% Of Real Estate Agents Couldn’t Afford October Office Rent
By Tyler Durden The Federal Reserve has hiked 375bps in just six meetings this year. Mortgage rates have followed suit, skyrocketing from a low of…
3 Major Factors Which Will Make 2023 A Historically Painful Year For The Housing Market
By Michael Snyder I am extremely concerned by what I am seeing in the housing market. When the Federal Reserve decided that it was going…
Housing Affordability Worsens As Homeownership Out Of Reach For Anyone Making Under $100K
By Tyler Durden The US housing affordability crisis continues to worsen as mortgage rates skyrocket to two-decade highs while the cost of an average home…
Loan Demand For Mortgage Loans Crashes To Depression Levels
By Tyler Durden In all the chaos over the past few days, we missed the release of the Fed’s latest Senior Loan Officer Survey which…