US Closed House Sales Down -9.50% YoY Due To Mortgage Rates Rising
Over at Calculated Risk, there is a detailed examination of housing showing that as US home prices have risen 20% year over year in the latest Cast-Shiller National home price…
James Knightly Predicts A Correction In House Prices Is Coming
ING’s chief international economist James Knightley is predicting there will be a correction in home prices later this year as new supply hits the market and reduced borrowing impacts sales.…
Bank of America Says 2/3rds Of Millennials Say They Are Likely To Buy A Home In The Next Two Years
“The 2022 Millennial Home Improvement Survey reports that 67% of Generation Y say they are likely to buy a home in the next two years.” The primary reason they cited…
Existing Home Sales Fell To The Lowest Level Since The Start Of The Pandemic
Home sales fell in April to the lowest pace since the pandemic: Existing home sales declined 2.4% compared with March to a seasonally adjusted annualized rate of 5.61 million units, the…
Different Retailers Perform Differently Based On Whether They Service Regular Consumers, or Real Estate Investments
Different retailers are performing differently: Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on…
