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19.03.26 - 16:12
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US New Home Sales Collapse By Most In 13 Years In January (ZeroHedge)
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US New Home Sales Collapse By Most In 13 Years In January
Despite falling mortgage rates, analysts expected December's drop in new home sales to accelerate in January... and accelerate they did... crashing a stunning 17.6% MoM (-2.7% MoM exp) - the biggest MoM drop since July 2013.
This huge MoM drop dragged sales down 11.3% YoY - the worst slide in three years...
Source: Bloomberg
This huge drop dragged the new home sales SAAR down to its lowest since 2022, catching down to existing and pending sales...
Inventories are up (Houses for sale in Jan. rose 0.4% m/m to 476,000), prices are down (Median down 6.8% YoY at $400k - lowest since 2024)...
...and remember these deals were signed in January - meaning this is not mortgage related (some suggesting weather impact - Northeast sales down 44.7% MoM, MidWest -33.9% MoM, but the scale is immense).
Of course, the future could get pretty dark as mortgage rates have surged since the war in Iran began...
...so much for helping 'affordability'. Looks...
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19.03.26 - 14:31
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Märkte und Trends März 2026 (Helaba)
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Konjunktur: Energiepreisanstieg als neues Konjunkturrisiko --- Geldpolitik: Veränderte Ausgangslage für die Notenbanken --- Staatsanleihen: Krieg als Renditetreiber --- Aktien: Trotz des Ölpreissprungs keine Panik. Chance-Risiko-Verhältnis bei Aktien noch nicht attraktiv. Die Bewertungssituation hat sich noch nicht hinreichend verbessert, und von Seiten der Stimmungsindikatoren sind keine Anzeichen einer Übertreibung nach unten zu erkennen. Daher ist es derzeit am sinnvollsten, eine „Halten“-Positionierung einzunehmen.. --- Gold: Inflationssorgen belasten --- Rohöl: Nahost-Krieg treibt Risikoprämien in die Höhe --- Immobilien: Noch kein Sommer, aber der Frühling hat begonnen --- Devisen: Breit angelegte Dollar-Stärke
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19.03.26 - 09:24
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Why are mortgage rates going up when the Bank of England base rate hasn′t changed? (The Guardian)
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To understand this you need to know about swap rates and the impact of the war in IranOn 16 January, the average rate on a new two-year fixed-rate mortgage was 4.78%, according to the financial data company Moneyfacts. Two months later, it was 5.20%. Between those two dates, the Bank of England voted to keep the base rate at 3.75%. More significantly, though, the US and Israel carried out airstrikes on Iran and a conflict broke out.The US air attacks on Iran have caused economic shocks across the world. Stock markets have tumbled, petrol and heating oil prices have gone up and there have been warnings of higher bills to come, for everything from food to holidays. All of this feeds into interest rate expectations, and from there into mortgage rates. Continue reading......
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