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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...
One step forward, one back. After nearly doubling in value last year, Mall REITs have been the worst-performing major property sector in 2022 as the stimulus-fueled retail strength has stalled. The tech wreck has spilled over to become the retail wreck in recent weeks. Retail stocks a...
Since its peak at the end of 2021, nearly $8 trillion in market cap has been knocked off the S&P 500 alone. As home prices were leaping over the past few years, households sustained spending by borrowing against their rising equity. It’s spooky that this cycle has combi...
Our rising price problem is, more than anything, a supply problem, and reducing demand is certainly one way to tackle it. But returning to the pre-COVID growth rate doesn’t mean we are headed to recession, that contraction is in our immediate future. US stocks and REITs wer...
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2024-06-24 12:06:00 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...
2024-06-02 21:20:00 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...
2024-03-04 23:30:00 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...