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20.02.26 - 16:57
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2025 New Home Sales Highest Since 2021 (ZeroHedge)
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2025 New Home Sales Highest Since 2021
US New Home Sales dipped 1.7% MoM in December (after a 15.5% MoM surge in November)...
...but ended the year at 745k - the highest SAAR since 2021...
"New" home sales have notably decoupled from "used" home sales in the last few years as homebuilders incentivize buyers (reducing margins) and lower prices (reducing revenues)...
Lower mortgage rates support modest further improvements in sales...
Will this be Trump's lead on housing affordability?
Tyler Durden
Fri, 02/20/2026 - 10:24...
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20.02.26 - 11:06
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Hong Kong′s property market to build on gains in the Year of the Horse, agents say (SCMP)
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Hong Kong's residential property market made gradual and steady gains in the Year of the Snake, with the momentum set to continue in the Year of the Horse, according to the city's largest real estate agencies.
“The Year of the Snake marked the end of three years of decline and a strong rebound fuelled by policy easing and wealth effect [from the Hong Kong stock market's gain],” said Derek Chan Hoi-chiu, head of research at Ricacorp Properties.
“The Year of the Horse will build on the momentum,”......
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20.02.26 - 00:54
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Hawaii Bills Would Allow Gov′t To Quarantine People, Enter Property, Seize Firearms, & Suspend Laws (ZeroHedge)
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Hawaii Bills Would Allow Gov't To Quarantine People, Enter Property, Seize Firearms, & Suspend Laws
Authored by Jon Fleetwood,
The Hawaii Legislature is advancing companion legislation that would formally codify sweeping emergency powers for the governor and county officials—including authority to quarantine individuals, enter private property without consent, suspend laws, and seize control of infrastructure—under the justification of preparing for future disasters and disease outbreaks.
House Bill 2236 and Senate Bill 2151, both titled “Relating to Emergency Management,” were introduced in January and February 2026 and are now moving forward through both chambers.
Legislative records show the bills are formally linked, with each designated as “Same As/Similar To” the other, confirming that Hawaii's full legislature—not just one chamber—is advancing the emergency powers framework.
The legislation explicitly cites COVID-19 as justification for strengthening emergency aut...
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19.02.26 - 17:00
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US Pending Home Sales Hit Record Low Despite Falling Mortgage Rates (ZeroHedge)
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US Pending Home Sales Hit Record Low Despite Falling Mortgage Rates
After plunging in December (biggest drop since COVID), US Pending Home Sales disappointed once again with a modest 0.8% MoM decline in January (+2.0% MoM exp). This left sales down 1.23% YoY...
Source: Bloomberg
This left the Pending Home Sales Index at a record low...
Source: Bloomberg
Mortgage rates continued to slide... so WTF is holding buyers back?
Source: Bloomberg
“Improving affordability conditions have yet to induce more buying activity,” NAR Chief Economist Lawrence Yun said in a statement.
Yun cautioned that the mix of lower mortgage rates and a still-tight supply of houses could cause home prices to start rising quickly again, assuming the lower borrowing costs encourage more buyers.
“This will put increasing pressure on affordability, which is why it is critical to increase supply by building more homes,” Yun said.
Weather could have impacted sales as sales were weakest in the NorthEast and South - where t...
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19.02.26 - 16:54
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Pending US Home Sales Slide as Trade Deficit Widens (Bloomberg)
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Pending sales of existing homes in the US continued to slide in January and the US trade deficit widened in December to $70.3 billion, resulting in a full-year deficit of $901.5 billion. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)...
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