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LTC Properties Inc Stock Discussion

wooper

Mar 1 01:42

Open hymer time

$LTC Properties Inc(LTC.US)$

LTC Properties Inc(LTC) 31.520 -0.28%

Indicator analyst

Jan 4 17:03

Demand for mortgages in the US fell by 9.4% last week, even as mortgage rates fell to 6.8%.
How can mortgage demand be down even as rates are down 130+ basis points from their recent highs?
The answer to this question is that the effective outstanding mortgage rate is 3.7%.
90% of borrowers currently have interest rates below 5%.
Even if mortgage rates fell to 5%, the vast majority of borrowers would still have a financial disincentive to sell.
Particularly as investors accounted for many of the...

BasedGod

Dec 27, 2023 20:56

October home prices post biggest gain of 2023, despite higher mortgage rates, says S&P Case-Shiller

- Home prices rose 4.8% nationally in October compared with October 2022, according to the S&P CoreLogic Case-Shiller home price index.
- That’s a jump from the 4% annual increase in September and marks the strongest annual gain seen in 2023.
- Among the top 20 cities, Detroit reported the largest year-over-year gain in home prices at 8.1% in October.
Home prices rose 4.8% nationally in October com...

Indicator analyst

Dec 27, 2023 20:20

The new normal for Commercial Real Estate (CRE):
Properties are selling for less than half of what they were worth just 5 years ago.
A downtown Los Angeles office building that sold for $92.5 million in 2018 just sold for $44.7 million.
2 days ago, the Aon Center, Los Angeles' third largest building, sold for 45% less than its last purchase price in 2014.
All as real estate giants like WeWork file bankruptcy and flood the market with supply.
The strength of housing continues to mask the weakness...

Indicator analyst

Dec 21, 2023 21:08

Median rent price falls to $1,967/month in November marking its largest decline in 3 years, according to Redfin.
The median asking rent price fell 2.1% year-over-year just after breaking above $2,000/month.
Meanwhile, housing starts skyrocketed by 14.8% in November to their highest level since May 2022.
These numbers have yet to account for the 100+ basis point drop in interest rates from their peak.
The "Fed pivot" is spreading into housing.
$Dow Jones Industrial Average(.DJI.US)$ $Zillow-C(Z.US)$ $LTC Properties Inc(LTC.US)$ $Macerich Co(MAC.US)$

Fed minutes released: Rate cuts likely, but path highly uncertain

Indicator analyst

Dec 8, 2023 22:48

The median American household would need to spend over 41% of their income to afford the median-priced home in 2023, the highest share on record. $Zillow-C(Z.US)$ $Mid-America Apartment Communities Inc(MAA.US)$ $LTC Properties Inc(LTC.US)$

Indicator analyst

Dec 6, 2023 10:44

Pending home sales just hit their lowest level in history.
In October, US pending home sales fell 1.5% putting sales down 6.6% over the last year.
This also marks the 23rd STRAIGHT decline in US pending home sales.
To put this in perspective, pending home sales are more than 10% BELOW what they were in 2010.
They are also ~3% below the pandemic low when the global economy was in a lockdown.
All as mortgage demand is at its lowest levels since 1994.
The housing market is coming to a complete halt...

moom lives

Dec 1, 2023 14:21

Real home prices in the US are currently almost 10% MORE expensive than they were in 2008.

In fact, real home prices are now 80% ABOVE the 130-year historical average, according to Reventure.
This means that even on an inflation adjusted basis, home prices have never been more expensive.
Meanwhile, housing supply is 40% below the historical average.
All while mortgage demand is at its lowest since 1994 and the median homebuyer now has a $3000/mo payment.
Truly historic times.
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Indicator analyst

Nov 29, 2023 16:38

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. ...

Indicator analyst

Nov 27, 2023 20:27

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.
$Zillow-C(Z.US)$ $LTC Properties Inc(LTC.US)$ $Macerich Co(MAC.US)$ $ARMOUR Residential REIT Inc(ARR.US)$

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