|
|
|
13.10.26 - 18:36
|
Existing Home Sales Hover Near Record Lows As Affordability Gap Widens (ZeroHedge)
|
|
|
Existing Home Sales Hover Near Record Lows As Affordability Gap Widens
With mortgage rates soaring, expectations were for a fourth straight month of declines in existing home sales. Instead sales rose 1.5% MoM (-0.8% exp) thanks in part to a downward revision for August (from -2.0% to -3.2% MoM)...
At least some of last month's modest improvement predated the more than half-point climb in mortgage rates since early September to 7.49%. September's gain also belies the formidable challenges facing the nation's housing market.
The total existing home sales SAAR remains below the 4.00mm Maginot Line...
Despite the increase, “August and September marked the two slowest months for home sales this year,” NAR Chief Economist Lawrence Yun said in a statement.
“Further increases in mortgage rates in recent weeks mean fewer buyers can qualify to purchase a home.”
Earlier in the year, the country had been making some progress in reducing the so-called “lock-in” effect - the disincentive to ...
|
|
|
13.10.26 - 18:36
|
491 Fugitives Hiding In Public Housing Arrested In Nationwide Sweep (ZeroHedge)
|
|
|
491 Fugitives Hiding In Public Housing Arrested In Nationwide Sweep
Authored by Naveen Athrappully via The Epoch Times,
A multi-month law enforcement operation has led to the arrests of 491 criminal fugitives living in government-assisted housing.
The Department of Housing and Urban Development in Alexandria, Va., on May 29, 2026. Madalina Kilroy/The Epoch TimesThe multi-agency initiative, Operation Clean House, was carried out by the Department of Housing and Urban Development's (HUD's) Office of Inspector General (OIG) along with the U.S. Marshals Service and other state and local law enforcement partners across 12 cities, including Memphis, New York, Chicago, Los Angeles, Columbus, and Minneapolis, HUD said in an Oct. 8 statement.
"We will not allow criminal predators and fraudsters to use HUD housing as a haven or live freely on the taxpayer's dime," HUD Secretary Scott Turner said in the statement.
"Operation Clean House removed dangerous drug traffickers, rapists, and sex offenders an...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.10.26 - 17:24
|
US Mortgage Rates Rise for Seven Straight Weeks (Bloomberg)
|
|
|
US mortgage rates increased for seven straight weeks for the first time in three years, adding pressure to an already weak housing market.
Selma Hepp, Chief Economist at Cotality, discusses home sales and the outlook for mortgage rates and refinancing. (Source: Bloomberg)...
|
|
|
|
|
|
|
12.10.26 - 16:18
|
Apollo′s Slok on Housing, US Economic Growth, Fed Policy (Bloomberg)
|
|
|
Apollo Chief Economist Torsten Slok talks about the impact of higher interest rates on the US housing supply. He also discusses the prospects of an AI-induced bank run and which parts of the economy are the most sensitive to Federal Reserve interest rate moves. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)...
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
