Housing Market

Home Mortgage
Housing Crash
Housing Market
Mortgage
Mortgage Rates
Mortgage Refinance

US Mortgage Rates Plunge for a Second Week, Hit Two-Month Low

(Bloomberg) — US mortgage rates retreated sharply for a second week, hitting a two-month low and providing a bit of traction for the beleaguered housing market. The contract rate on a 30-year fixed mortgage decreased 23 basis points to 6.67% in the week ended Nov. 18, according to Mortgage Bankers Association data released Wednesday. Rates […]

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Fed Rate Hikes
Federal Reserve
Housing Crash
Housing Market
Housing Market Bubble
Top Stock Market News

Fed Sees Risk of Big Declines in Still-Lofty US House Prices

(Bloomberg) — The Federal Reserve suggested on Friday that lofty home prices could be susceptible to steep declines after big run-ups in recent years on the back of ultra-low interest rates. “With valuations at high levels, house prices could be particularly sensitive to shocks,” the Fed said in its semiannual Financial Stability Report released Friday. […]

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Housing Market
Housing Market Bubble
Top Stock Market News

Housing markets face a brutal squeeze — how bad can it get?

FILE – This is a home in Mount Lebanon, Pa., under contract, Oct. 17, 2022. Sales of previously occupied U.S. homes fell in September for the eighth month in a row, though the decline was the most modest yet since the housing market began to cool amid sharply higher mortgage rates. (AP Photo/Gene J. Puskar, […]

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Housing Market
Housing Market Bubble
Top Stock Market News

Home-Price Deceleration Is Fastest on Record as US Market Cools

(Bloomberg) — The US housing market took a turn in July. A national measure of prices rose 15.8% year-over-year, the S&P CoreLogic Case-Shiller index showed Tuesday. That was the smallest gain since April 2021, and the slowdown from the 18.1% jump in June was the largest deceleration in the history of the index, according to […]

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Housing Market
Housing Market Bubble

John Paulson on Frothy US Housing Market: This Time Is Different

(Bloomberg) — John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. Most Read from Bloomberg As he sizes up yet another frothy housing market some 15 years later, the founder of Paulson & Co. says another downturn in […]

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Housing Market
Housing Market Bubble

Powell Warns of Correction in Once ‘Red-Hot’ Housing Market

(Bloomberg) — Federal Reserve Chair Jerome Powell warned that the US housing market is likely to suffer a reversal in the wake of policy makers’ interest-rate hikes. “We’ve had a time of a red-hot housing market all over the country,” Powell said in a press conference after the Fed’s policy decision on Wednesday, in which […]

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Home Mortgage
Housing Market
Housing Market Bubble
Mortgage Rates
Mortgage Refinance

US Mortgage Lenders Are Starting to Go Broke

(Bloomberg) — The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago. There’s no systemic meltdown coming this time around, because there hasn’t been the […]

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Housing Market
Interest Rates
REIT
Value Investing
Value Stocks
Wood Products

Is WY’s bear market a great buying opportunity or a bad risk?

In a rising interest rate environment, with housing demand and loan applications starting to show signs to decline, companies that are closely tied to the health of the housing market tend to be especially sensitive. That includes industries like Wood Products. Housing-related industries proved to be surprising areas of strength in the economy in 2020 […]

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Housing Market
Housing Market Bubble
Interest Rates
Rising Interest Rates

US House Prices Are Likely to Drop as Rates Rise, Capital Economics Says

(Bloomberg) — US house prices are likely to fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics. Property prices could contract an annual 5% by the middle of next year, Matthew Pointon, senior property economist, said in a research note Monday. He’d previously projected no change in values […]

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Chemical Products
Construction
Housing Market
Value Investing
Value Stocks

WLK has a big discount and strong fundamentals. Is it a good buy?

In my search for value, I’ve found it useful to develop a watchlist of stocks that I can check on a regular basis. That means that I often recycle stocks that I’ve previously used to make useful investments in, but don’t currently have a position in. That’s useful, because the familiarity that comes with the […]

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Housing Market
Housing Market Bubble
Interest Rates
Rising Interest Rates

Rate Hikes Hit Canada Housing With 1st Price Drop in Two Years

(Bloomberg) — Canadian home prices fell for the first time in two years as a rapid rise in interest rates looks set to threaten one of the world’s hottest housing markets. Benchmark home prices declined 0.6% in April from the month before, the first drop since April 2020, according to data released Monday from the […]

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Housing Market
Housing Market Bubble

Investor Who Called Housing Top and Bottom Says It's Time to Sell

(Bloomberg) — Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor. Now, after a record surge in prices, Kiesel says the time to sell is once again at hand. […]

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Home Builders
Housing Market
Interest Rates
Value Investing
Value Stocks

Interest rates are rising. Should you stay away from homebuilders like TOL?

In my opinion, one of the really surprising stories of the past two years has been not only the resilience, but the simple outperformance of the real estate industry. Despite the global COVID-19 pandemic and all of the complications that have accompanied it, and that some now say we may never fully get away from, […]

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Daily Rundown
Grocery
Housing Market
Insurance
Natural Gas
Television

Television, Insurance, Housing, Natural Gas, Wholesale Stores

Nexstar Media Group, Inc. (NXST) Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. American Financial Group, Inc. (AFG) American Financial Group, […]

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Federal Reserve
Housing Market
Housing Market Bubble

Roaring U.S. housing market may cool, keep climbing as Fed ends emergency support

U.S. home prices roared almost 20% higher in the past year, giving families who own properties a major boost to their finances during the pandemic. But Wall Street, a key source of home mortgage finance, sees important questions ahead for the red-hot housing market, now that the Federal Reserve has shifted its focus to tackle […]

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