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According to the National Association of Realtors, "Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month." The NAR explains that "because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally ...
I invest in real estate and think it’s one of the best long-term investments, beating out the stock market if you were to factor in risk/volatility. In one month, real estate fell 14.7% in parts of Canada and the USA. In fact, the IYR real estate ETF fell 15% as well which help...
Political Calculations' initial estimate of the U.S. new homes market cap for April 2022 is $31.37 billion. Soaring prices are the primary driver of April 2022's increase in the market cap for new homes sold in the U.S. Since new home sales are counted toward GDP when their sales ...
The Fed has barely started raising interest rates, but the air is already seeping out of the housing bubble. New home sales are often viewed as a leading indicator of the state of the overall housing market. The Federal Reserve blew up this housing bubble when it artificially supp...
Stocks of homebuilders swoon amid worst inflation in construction costs, shortages, and spiking mortgage rates that take buyers out of the market. Unsold inventory of new houses spiked in a historic month-to-month leap of 34,000 houses, and by 127,000 houses from April last year, to 4...
Now that interest rates are rising and the Fed is no longer buying mortgage-backed securities, mortgage rates are nearly double what they were a year ago. This and high house prices may be reducing demand and cooling the housing market. A cooling housing market does not necessaril...
The April drop follows a 10.5 percent decline in March, a 4.7 percent fall in February, and a 1.0 percent drop in January. Sales of new single-family homes were down in all four regions of the country in April. The months’ supply is at a very high level by historical compar...
Rising mortgage rates and a general lack of affordability are resulting in a steep drop off in demand for housing. Inventory for sale is rising rapidly, which suggests we are moving from an environment of excess demand, seen since the start of the pandemic, to one of excess supply. ...
April New Home Sales from the Census Bureau came in at 591K, down 16.6% month-over-month from 709K in March. The Census Bureau's mid-month population estimates increased 77% in the US population since 1963. New single-family home sales are 30.6% above the first 1963 sales. F...
Plunges in sentiment like we are seeing right now only go this far during a recession. People don’t need the government to tell them we are in a recession to start feeling like we are in a recession. The unprecedented mountain of consumer debt leaves us far less resilient to wi...
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2024-08-02 09:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-03 08:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
A look at the top 10 most actives in the United States Yield10 Bioscience Inc. (YTEN) rose 135.5% to $0.5722 on volume of 57,300,938 shares Direxion Daily Semiconductor Bear 3X Shares (SOXS) fell 8.7% to $3.16 on volume of 30,926,102 shares Kaival Brands Innovations Group Inc. (KAVL) rose...