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12.07.25 - 02:27
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Goldman Sees Housing Affordability Relief Ahead - Here′s The Timeline (ZeroHedge)
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Goldman Sees Housing Affordability Relief Ahead - Here's The Timeline
Housing affordability is at its worst in decades, but a new Goldman report suggests some of the most severe pressures may begin to ease, offering modest relief in the years ahead. That's welcome news for prospective homebuyers who've been priced out by soaring home values and the Federal Reserve's aggressive interest rate hiking cycle.
"We are lowering our forecasts for U.S. home price appreciation over the next two years," analyst Vinay Viswanathan wrote in a note to clients. He cut the firm's national home price appreciation (HPA) forecast from 3.2% to .5% in 2025, and from 1.9% to 1.2% in 2026.
Viswanathan outlined three specific drivers that underpinned his decision to revise the HPA forecast down:
First and foremost, recent home price index data has deteriorated, likely reflecting a drop in demand. Case-Shiller, FHFA, and Zillow indices all gauged negative sequential HPA in March, April, and, based...
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11.07.25 - 16:31
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Immobilienmarkt im Würgegriff der Zentralplaner (Tichys Einblick)
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Die neue Bundesregierung läuft sich warm. Und es kann nichts schaden, sich im grünen Wirtschaftswende-Wunderland Deutschland ein wenig zu strecken und zu dehnen, bevor man sich ans Bewirtschaftungswerk macht. Die Hälfte unserer Wirtschaftsleistung mäandert durch die Hände des Staates und seines weitverzweigt-wuchernden Geflechts von Institutionen. Es ist das Werk des Euro-Bürokratismus, der in der beinahe
Der Beitrag Immobilienmarkt im Würgegriff der Zentralplaner erschien zuerst auf Tichys Einblick....
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11.07.25 - 04:45
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China′s Big Housing Stimulus Rescue Is Wishful Thinking (ZeroHedge)
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China's Big Housing Stimulus Rescue Is Wishful Thinking
By George Lei, Bloomberg Markets Live reporter and strategist
Expectations of policy actions to bolster the housing sector have helped real estate stocks close the gap with the broader CSI 300 benchmark over the past few sessions. That has some market participants referencing 2015 and Beijing's housing-rescue efforts that pulled the world's second-largest economy out of a deflationary trap. But economic and market circumstances are vastly different now, leaving policymakers neither willing nor able to repeat what they achieved a decade ago.
Rumors are circulating that a new round of shantytown renovation — a catchphrase used a decade ago as part of the rescue package — could be in the works, according to Clocktower Group LP, an asset management and advisory firm based in Santa Monica, California. Back then, Beijing flexed its financial muscles to help a slumping real estate market, with a series of policies putting an end ...
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10.07.25 - 19:36
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FICO Stock Down More Than 10% This Week After FHFA Opens Door To VantageScore For Mortgages (ZeroHedge)
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FICO Stock Down More Than 10% This Week After FHFA Opens Door To VantageScore For Mortgages
Shares of Fair Isaac Corp. (FICO), the company behind the widely used FICO credit score, dropped earlier this week after a federal agency approved the use of its biggest competitor, VantageScore, for mortgage underwriting, according to the Wall Street Journal.
The Federal Housing Finance Agency (FHFA) will now allow lenders to choose between FICO 10T and VantageScore 4.0 when issuing loans sold to Fannie Mae and Freddie Mac, which together back nearly half of all new U.S. mortgages.
Previously, only FICO scores were accepted. A prior proposal to require both FICO and VantageScore for each loan faced resistance from lenders over costs and complexity. The FHFA ultimately reversed course, with Director Bill Pulte saying in social media posts that the change is aimed at improving credit access, especially for renters and rural borrowers.
VantageScore CEO Silvio Tavares called the update “long overdue.” ...
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10.07.25 - 16:15
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China Property Stocks Erupt On Rumors Beijing May Revive 2015 Stimulus Playbook (ZeroHedge)
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China Property Stocks Erupt On Rumors Beijing May Revive 2015 Stimulus Playbook
Chinese property equities surged overnight, with the Bloomberg Intelligence real estate index jumping as much as 11%, fueled by speculation of an imminent high-level government meeting aimed at reviving the country's struggling real estate sector.
Unverified reports suggest Beijing may assemble a policy conference next week reminiscent of the 2015 Central Urban Work Conference, which triggered large-scale shanty-town redevelopment and infrastructure stimulus.
"Since the founding of the republic in 1949, Chinese senior leadership held only four "urban work conferences" at the central government level: 1962, 1963, 1978, and 2015. Thus, if the reports turned out to be true, it would be closely watched by the market given policy direction implications," Goldman Sachs analyst Fred Yin told clients.
China's property sector has been locked in a downward spiral for the past four years. Major develo...
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