Case-Shiller: National House Price Index Up 3.9% year-over-year in September; New all-time High
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.9% annual change in September, up from a 2.5% change in the previous month. The 10-City Composite showed an increase of 4.8%, up from a 3.0% increase in the previous month. The 20-City Composite posted a year-over-year increase of 3.9%, up from a 2.1% increase in the previous month. ...
The economy is hanging tough in part because of the graceful adjustment of asset prices to Fed tightening. While overvalued stock, bond and real estate markets have bent, they have not broken. Americans remain wealthier than before the pandemic, and key to why they keep spending.
$Zillow-C(Z.US$$ARMOUR Residential REIT Inc(ARR.US$$Macerich Co(MAC.US$
$Zillow-C(Z.US$$ARMOUR Residential REIT Inc(ARR.US$$Macerich Co(MAC.US$
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Indicator analyst
liked
This BoFA Analyst Thinks SPX Can Hit 5,000 in 2024
Bank of America predicts an S&P 500 peak at 5,000 in 2024, citing reduced macro uncertainty.
BofA’s Bull Case for S&P 500
Recent Strong Performance:The S&P 500 has recently shown robust performance, surging to its highest level in over three months, indicating market vitality.
Optimistic Forecast:Savita Subramanian from Bank of America anticipates an all-time high for the broader stock market index, projecting the S&P 500 to reach 5,000 in 2024...
BofA’s Bull Case for S&P 500
Recent Strong Performance:The S&P 500 has recently shown robust performance, surging to its highest level in over three months, indicating market vitality.Optimistic Forecast:Savita Subramanian from Bank of America anticipates an all-time high for the broader stock market index, projecting the S&P 500 to reach 5,000 in 2024...
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Indicator analyst
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New Home Sales Hammered In October
With existing home sales collapsing to their lowest SAAR since 2010, new home sales are the only pillar left holding up any hope in the US housing market. However, with housing affordability at its lowest since at least the early 1980s, it's no surprise that analysts expected new home sales in October to tumble 5.0% MoM
The Mortgage Bankers Association's index of home-purchase applications tumbled to 120 - the lowest level since 1995 - as mortgage rates hit 8% f...
The Mortgage Bankers Association's index of home-purchase applications tumbled to 120 - the lowest level since 1995 - as mortgage rates hit 8% f...
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PCE inflation a key litmus test for early rate cut bets
Economists anticipate a 0.2% increase in core PCE inflation for the last month, with a year-on-year rise expected to be around 3.5%.If the 12-month core PCE inflation print in the US aligns with estimates, it would mark the slowest pace of annual core price growth since April 2021.
While the current backdrop does not signify "mission accomplished" in terms of addressing inflation, policymakers must now focus on planning for the next phase ...
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A record ~40% of all US homes currently don't have mortgages.
At first, this seems like great news, but it really just emphasizes how unaffordable this market is.
Currently, a record ~35% of housing market transactions are all cash purchases.
In other words, this market is becoming only affordable for those who are buying with cash.
As interest rates hit 20-year highs and home prices are up 30%+ since 2020, affordability is only getting worse.
We have an affordability crisis.
$Zillow-C(Z.US$$LTC Properties Inc(LTC.US$$Macerich Co(MAC.US$$ARMOUR Residential REIT Inc(ARR.US$
At first, this seems like great news, but it really just emphasizes how unaffordable this market is.
Currently, a record ~35% of housing market transactions are all cash purchases.
In other words, this market is becoming only affordable for those who are buying with cash.
As interest rates hit 20-year highs and home prices are up 30%+ since 2020, affordability is only getting worse.
We have an affordability crisis.
$Zillow-C(Z.US$$LTC Properties Inc(LTC.US$$Macerich Co(MAC.US$$ARMOUR Residential REIT Inc(ARR.US$
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Investor purchases of US homes are falling quickly and now at 2008 levels.
In Q3 2023, investors purchased $36 billion worth of US homes, down 30% compared to 2022.
In many large cities, investor purchases are down well over 40%.
In Atlanta and Charlotte, investor home purchases are down a massive 50%.
We now have 20-year high rates with record high housing prices.
Not even investors can afford this market.
Keen to stay in the loop on the latest market trends and investment tips? Join our real e...
In Q3 2023, investors purchased $36 billion worth of US homes, down 30% compared to 2022.
In many large cities, investor purchases are down well over 40%.
In Atlanta and Charlotte, investor home purchases are down a massive 50%.
We now have 20-year high rates with record high housing prices.
Not even investors can afford this market.
Keen to stay in the loop on the latest market trends and investment tips? Join our real e...
3
Indicator analyst
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US existing home sales slump to more than 13-year low, prices accelerate
U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove buyers from the market.
Key Highlights
- Existing-home sales descended 4.1% in October to a seasonally adjusted annual rate of 3.79 million. Sales slumped 14.6% from one year ago.
- The median existing-home sales price climbed 3.4% from one year ago to $391,800 – the ...
Key Highlights
- Existing-home sales descended 4.1% in October to a seasonally adjusted annual rate of 3.79 million. Sales slumped 14.6% from one year ago.
- The median existing-home sales price climbed 3.4% from one year ago to $391,800 – the ...
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Sirius H1 FFO Rises, Sees FY24 Trading In Line With View
Sirius Real Estate Ltd. reported Monday that its first-half funds from operations or FFO grew 9.3 percent to 53.0 million euros from last year's 48.5 million euros.
Profit before tax fell 47.4 percent to 39.8 million euros from 75.7 million euros a year ago. Adjusted profit before tax was 49.9 million euros, compared to last year's 48.9 million euros.
Adjusted earnings per share were 4.21 cents, compared to 3.71 cents in the prior year. Bas...
Profit before tax fell 47.4 percent to 39.8 million euros from 75.7 million euros a year ago. Adjusted profit before tax was 49.9 million euros, compared to last year's 48.9 million euros.
Adjusted earnings per share were 4.21 cents, compared to 3.71 cents in the prior year. Bas...
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