HOMZ News and Press, Hoya Capital Housing From 06/01/24

2024-06-01 06:00:00 ET Summary While the U.S. Consumer Price Index has seen a significant decline from its 2022 peak, the shelter component remains somewhat stubborn. As mortgage rates remain high and as property values hover at their peaks, many continue to wonder when this piece...

2024-05-31 03:45:00 ET Summary After the preceding month's better-than-expected numbers, the number of new home sales in the U.S. fell in April 2024. Mortgage rates rising faster than incomes reduce the relative affordability of new homes, putting them out of reach for a majority ...

2024-05-30 12:19:11 ET More related to mortgages: Pending home sales slide more than expected in April Mortgage applications fall as rates rise Mortgage rates dropped below 7% for 1st time in more than a month U.S. GDP revised down to cooler-than-expected 1.3...

2024-05-29 14:05:00 ET Summary Even after today’s decline, the S&P 500 still sits on a year-to-date gain of over 10%, indicating just how strong the first five months of 2024 have been. The Dow has followed a much weaker path, as it’s barely holding on to gains f...

2024-05-29 13:57:14 ET More on the U.S. property market Existing home sales unexpectedly slip in April Home Sales Whacked By Mortgage Rates ITB: This US Construction ETF Is Poised To Generate Substantial Returns Invesco Mortgage Capital: An Interesting Play I...

2024-05-28 11:55:00 ET Summary One of the most disappointing aspects of modern day investing is we seem to have all become momentum investors. My dividend discount model predicts that the fair value of the S&P 500 is approximately 5800. The overall S&P 500 can deliver ...

2024-05-28 09:45:00 ET Summary The S&P 500 closed at 5,304.72 on the Friday before 2024's Memorial Holiday weekend. In between May 17 and May 24, the index set a new record-high close of 5,321.41 on May 21. The Atlanta Fed's GDPNow tool's forecast of annualized real GDP gr...

2024-05-27 03:55:00 ET Summary The market has had another week of indecision, trying to make up its mind whether to cheer another blowout earnings quarter by NVIDIA, the darling of one-day options punters, or worry itself into a corner over comments by Fed officials speculating about ...

2024-05-24 20:30:00 ET Summary This week, the S&P 500 closed at 5,304.72, while the close last week was 5,303.27. The forward 4-quarter estimate for the S&P 500 dropped a little this week to $252.61 from last week’s $252.93. The P/E ratio this week is 21x vs. 21...

2024-05-23 12:23:20 ET More related to mortgage rates: New home sales unexpectedly fall in April Mortgage applications rise as refinancing activities surge, rates come down Mortgage rates fall for 2nd consecutive week in wake of eased inflation report Fed off...