A press release from Boston Agent Magazine in Massachusetts. "The start of a new calendar…
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From the first 7:28 video:
Fear Mongering The Housing Crash
Jason Coleman Arizona Loan Officer
Oct 11, 2022 Housing Crash Fear Mongering? I just try to share important updates!
The second 5 minute video:
Steiner Ranch Housing Report – October 2022
Craig Smyser
Oct 11, 2022
The last 5:31 video:
Hamilton Home Sales Down 57%. September Hamilton Update.
Vic Singh-Honest real estate talk
Oct 12, 2022 Hamilton, Ontario continues to struggle along with the GTA. Sales are down and house prices in Hamilton are down. Since the rate hikes came in prices have been going down each month.
See month by month prices for detached homes and condos in Hamilton.
Source: Realtors® Association Of Hamilton-Burlington
South Florida house sales PLUMMET by up to 40% compared to last year – Miami the most
“What I think is beyond denial right now, beyond debate, is the fact that the housing sector itself is in recession,” Robert Dietz, chief economist of the National Association of Home Builders, said in a presentation Tuesday at the annual National Association of Real Estate Editors conference in Atlanta. He said declines in single-family builder sentiment, single-family starts, permits and sales are all indicators of that.
Even through the decline in building, most of the nation’s single-family home construction is concentrated in the South. Houston saw the most single-family home permits in the first seven months of 2022 at just over 32,000, followed by Dallas-Fort Worth with almost 30,000 permits, according to U.S. Census Bureau data.
“If you add Houston and Dallas together, they’re producing more single-family homes — just those two metros — than the entire state of California,” Dietz said. “That’s how difficult it is to build in California with regulatory costs, taxes fees, zoning issues and the like.”
Repurchase agreement redux: Mortgage loan originator bankruptcies are back
Reuters|16 hours ago
Joseph Cioffi, Massimo Giugliano and Christine DeVito of Davis+Gilbert LLP discuss developments in the area of bankruptcy and enforcing rights relating to mortgage loan repurchase agreements.
Oh dear…
Ultimately what we need to see to reverse this explosion and unprecedented rise in yields globally is a wave of marginal buying in sovereign debt outside of domestic governments. Otherwise, the market is telling us that bond prices need to be lower (and interest rates higher) for bonds to be seen as an attractive investment and allocation right now. As shown by the chart below, we’re coming off one of the worst performance years for returns in history — a once-in-a-century regime shift.
I love a good once-in-a-century regime shift in the mornin’!
U.S. mortgage interest rates rise to highest level since 2006
Reuters|15 hours ago
The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions.
Wakey wakey dancing cowgirl!
Ukraine’s capital region was struck by Iranian-made kamikaze drones early Thursday, officials said, sending rescue workers rushing to the scene as residents awoke to air-raid sirens for the fourth consecutive morning following Russia’s major assault across the country earlier this week.
Kyrylo Tymoshenko, deputy head of President Volodymyr Zelensky’s office, said on Telegram that “critical infrastructure facilities” in the area were hit, without offering any details on which ones.
From the first 7:28 video:
Fear Mongering The Housing Crash
Jason Coleman Arizona Loan Officer
Oct 11, 2022 Housing Crash Fear Mongering? I just try to share important updates!
The second 5 minute video:
Steiner Ranch Housing Report – October 2022
Craig Smyser
Oct 11, 2022
The last 5:31 video:
Hamilton Home Sales Down 57%. September Hamilton Update.
Vic Singh-Honest real estate talk
Oct 12, 2022 Hamilton, Ontario continues to struggle along with the GTA. Sales are down and house prices in Hamilton are down. Since the rate hikes came in prices have been going down each month.
See month by month prices for detached homes and condos in Hamilton.
Source: Realtors® Association Of Hamilton-Burlington
South Florida house sales PLUMMET by up to 40% compared to last year – Miami the most
https://www.msn.com/en-us/money/realestate/south-florida-house-sales-plummet-by-up-to-40percent-compared-to-last-year-miami-the-most/ar-AA12TjFL
“What I think is beyond denial right now, beyond debate, is the fact that the housing sector itself is in recession,” Robert Dietz, chief economist of the National Association of Home Builders, said in a presentation Tuesday at the annual National Association of Real Estate Editors conference in Atlanta. He said declines in single-family builder sentiment, single-family starts, permits and sales are all indicators of that.
Even through the decline in building, most of the nation’s single-family home construction is concentrated in the South. Houston saw the most single-family home permits in the first seven months of 2022 at just over 32,000, followed by Dallas-Fort Worth with almost 30,000 permits, according to U.S. Census Bureau data.
“If you add Houston and Dallas together, they’re producing more single-family homes — just those two metros — than the entire state of California,” Dietz said. “That’s how difficult it is to build in California with regulatory costs, taxes fees, zoning issues and the like.”
https://www.msn.com/en-us/money/markets/us-is-seeing-its-first-decline-in-homebuilding-since-2011-economists-say/ar-AA12RGqm
Repurchase agreement redux: Mortgage loan originator bankruptcies are back
Reuters|16 hours ago
Joseph Cioffi, Massimo Giugliano and Christine DeVito of Davis+Gilbert LLP discuss developments in the area of bankruptcy and enforcing rights relating to mortgage loan repurchase agreements.
Oh dear…
Ultimately what we need to see to reverse this explosion and unprecedented rise in yields globally is a wave of marginal buying in sovereign debt outside of domestic governments. Otherwise, the market is telling us that bond prices need to be lower (and interest rates higher) for bonds to be seen as an attractive investment and allocation right now. As shown by the chart below, we’re coming off one of the worst performance years for returns in history — a once-in-a-century regime shift.
https://www.nasdaq.com/articles/bond-market-meltdown%3A-where-are-the-buyers-for-government-debt
I love a good once-in-a-century regime shift in the mornin’!
U.S. mortgage interest rates rise to highest level since 2006
Reuters|15 hours ago
The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions.
Wakey wakey dancing cowgirl!
Ukraine’s capital region was struck by Iranian-made kamikaze drones early Thursday, officials said, sending rescue workers rushing to the scene as residents awoke to air-raid sirens for the fourth consecutive morning following Russia’s major assault across the country earlier this week.
Kyrylo Tymoshenko, deputy head of President Volodymyr Zelensky’s office, said on Telegram that “critical infrastructure facilities” in the area were hit, without offering any details on which ones.
https://www.latimes.com/world-nation/story/2022-10-13/ukraine-kyiv-hit-kamikaze-drones-russia-broad-assault
Pensacola Beach, FL Housing Prices Crater 29% As Retirement And Vacation Property Demand Tanks On Rampant Mortgage Fraud
https://www.movoto.com/pensacola-beach-fl/market-trends/
As one Pensacola area broker explained, “If it’s priced over $120k, it’s not going to sell. Not today, not ever.”
Vacation Property Demand
A vanity speculation. Nothing puts lipstick on a donkey like a “Vacation Property”.