Limited supply is driving up housing prices in Orange County, with sales records indicating declining inventory and an uptick in price in June as compared to the same time last year. “It’s not insatiable demand,” Steven Thomas, founder of Reports on Housing—which publishes biweekly analyses of the real estate industry since its founding in 2004—told…
Buyers in California’s Orange County Bidding up Tight Housing Market
July 22, 2023
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Investor Home Purchases Fell 49 Percent in One Year
The percentage of homes purchased by real estate investors fell 49 percent compared with what they bought a year before, and overall home purchases fell 41 percent, according to real estate brokerage Redfin, which analyzed date from 40 major metros. Something that may have led investors to retreat from the housing market likely are rising…
‘Big Short’ Investor Warns of Potential $200 Billion Housing Market Crash Due to Underestimated Flood Risks
Dave Burt, CEO of DeltaTerra Capital and renowned “Big Short” investor who foresaw the 2008 housing crisis, has voiced his concern over a potential repeat of the crisis. His worry is centered on what he sees as an underestimation of the systemic risk flooding poses to the mortgage market. Burt’s successful prediction of the subprime…
McCarthy Threatens Contempt Charges Against FBI Director Over Alleged Bribery Scheme Involving Biden
House Speaker Kevin McCarthy issued a warning to FBI Director Christopher Wray, threatening to hold the director in contempt of Congress. The high-stakes debt ceiling deal faces its first battle in Congress. The White House calls for support, while some conservatives call it a deal that has completely failed. The United States sanctions individuals in China and…
Federal Housing Advocate Critical of Profit-Driven Housing Market, Calls for Regulation
May 14, 2023
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Canada’s federal housing advocate told a House of Commons committee on May 9 that the profit-driven housing market is “harming people” and should be regulated. She said that only regulations will lower prices and that the market-driven housing industry is not working well. Marie-Josée Houle, who was appointed in February 2022 to the position under the National Housing…
IMF Predicts Potential ‘Disorderly’ Price Corrections in European Housing Market
Home prices in Europe, which are overvalued in many places, could see major price corrections as the region confronts elevated inflation and tight financial conditions, the International Monetary Fund (IMF) said in a recent report. Europe is facing multiple economic challenges, with inflation remaining high and financial sector risks materializing. At the same time, real…
Considering Buying Your First Rental Property in 2023? Here’s What You Need to Know to Succeed.
By Dave Spooner Picture this: It’s New Year’s Eve, 2022, and you’ve finally committed to a resolution you really want to keep. In the coming year, you want to buy your first rental property and start investing in real estate. But what will real estate look like in 2023? Will housing prices continue to drop?…
NTD Business (April 21): No 2008-Type Crash in Housing Market: Analyst; Stars Threaten Lawsuits Over AI Voices
April 21, 2023
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New layoffs are coming from accounting firm Deloitte and rideshare company Lyft. How many jobs are they cutting? Prices have cooled in the housing market and are expected to decline further this year. We speak with analysts to find out by how much. Twitter has dropped the “government-funded media” label for several news organizations. Which…
Now It’s Housing Again
April 21, 2023
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Commentary Fifteen years ago, the entire housing sector sunk from its highs. Because so much debt is involved in this market, carried by banks but then bundled without regard to risk and resold in financial markets, this turn of events precipitated a financial crisis that spread around the world. Government and central banks undertook unprecedented…
Millennial Homeownership Exceeds 50 Percent in 2022
The year 2022 was the time when more than half of American millennials became homeowners. Before that year, the majority of them were renting a living place. According to research conducted by RentCafe.com, a nationwide apartment search website, 52 percent of millennials, the largest generation in the United States, owned their own house in 2022….
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