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17.09.26 - 00:21
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The Fed′s Mortgage Policy Made Homeownership Cost More (ZeroHedge)
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The Fed's Mortgage Policy Made Homeownership Cost More
Authored by Antón Chamberlin via The Daily Economy,
The median household in Miami earns about $62,000 annually; homeowners with a mortgage have monthly housing costs pushing $2,900. Annualized, this equals more than half the median household income. In Los Angeles, the numbers come in at $82,000 and $3,500 for 51 percent. New Yorkers are paying 49 percent, and New Orleanians are paying 47 percent of their annual income on housing.
Elena Berd via Shutterstock.
Different coasts, different housing markets, different incomes, regulations, and supply constraints. And all of these cities illustrate a national reality that seems beyond dispute: housing has become extraordinarily expensive.
Lest these cities appear cherry-picked, let us consider Harvard's 2026 State of the Nation's Housing report. Existing-home sales are at a three-decade low. Meanwhile, median new and existing home prices exceed $400,000. Prices for the latter are now 54 perc...
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06.09.26 - 10:00
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Which overseas property markets will be the winners and losers if Fed raises US rates? (SCMP)
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Comments by US Federal Reserve chairman Kevin Warsh at its annual economic policy symposium in Jackson Hole last month have reinforced expectations of an impending interest rate rise in the world's largest economy, which would have significant impacts on assets and investors around the world.
While the Fed kept its target rate in the range of 3.5 to 3.75 per cent at its meeting in July, Warsh's comments last month about it having work to do in controlling inflation have heightened expectations......
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