👀 Home Prices vs BTC https://t.co/iFculeHvIx ...

While overall mortgage demand has weakened, there's a growing trend when it comes to home borrowers adjustable rate mortgages. Our Diana Olic is here with that story. Morning, Diana. >> Good morning, Carl.Yeah, mortgage demand fell again last week, even as interest rates eased slightly. The average rate on the 30-year fix dropped to 6.43% from 6.46%. And that's for loans with 20% down or conforming loans.Applications to refinance fell 8% for the week, and applications for a mortgage to buy a home fell 1%. A ...

Core Viewpoint - Peter Schiff warns of a potential housing crisis due to rising mortgage rates and inflated home prices, suggesting that many homeowners may default on their mortgages and "mail in their keys" [2][3]. Group 1: Housing Market Dynamics - Schiff attributes the high housing prices to historically low mortgage rates, which allowed buyers to afford higher prices [2]. - The current situation shows a mismatch where mortgage rates have increased significantly, but home prices have not adjusted downward accordingly [2][3]. - This disconnect is expected to lead to a housing emergency, with defaults increasing as homeowners struggle to sell their properties for more than they owe [3]. Group 2: Homeowner Behavior - Many homeowners are currently reluctant to sell due to locked-in low mortgage rates, which has reduced selling pressure in the market [3]. - However, eventual life changes such as job relocations or financial strain will force some homeowners to sell, potentially at a loss [3]. - Schiff predicts that this could trigger a "cascading effect" throughout the housing market as more homeowners opt to default [3].

🇺🇸 U.S. home prices are -90% priced in Bitcoin since 2020CC: @philrosenn https://t.co/Gxs1Xil3vo ...

Singapore private home prices have jumped the most in three quarters, after a resurgence in sales of new apartments https://t.co/dpI8pHoSPg ...

Australian home prices rise at fastest pace in nearly two years as expanded first-home buyer incentives boost demand https://t.co/19xPkK0yJS ...

Average home prices are up 2,000% since 1970.The S&P 500 is up 12,800% over the same period. ...

Um, you guys, you mentioned housing. There's an interesting wrinkle in existing today. Let's get to Diana Olick.Hey, Diana. >> Hey, Carl. I guess the wrinkle is that the uh AP has broken the embargo for 10:00.So, we'll just go ahead with the numbers right now. Existing home sales were essentially flat in August at a seasonally adjusted annualized rate of 4 million units. That's down 0.2% from July, up 1.8% from August of last year.Now, the street was looking for a slightly bigger drop of 1 and a.5%. Sales w ...

Core Insights - The median home price reached $422,600, marking a 2% increase from the previous year and the highest price recorded for the month of August [1] Group 1 - The median home price is at an all-time high for August [1] - The year-over-year increase in median home price is 2% [1]

Housing Market - Average home prices have increased by 2,000% since 1970 [1] Stock Market Performance - The S&P 500 has risen by 12,800% since 1970 [1]