For those who purchased a home during the Covid epidemic when home prices were extraordinarily high, the reality could mean they are underwater with how much they owe on their mortgage vs. the current market value of their home. https://t.co/FWY6yrOr79 ...

New home sales data out last hour. The number came in at 652,000 for the month of July. Stronger than expected, but still it's an 8.2% decline yearon year.A trend our next guest says benefits the rental market in particular because high home prices are sending more Americans looking for alternative options. Joining us now with his outlook, Invitation Home CEO Dallas Tanner. Dallas, it's good to talk to you today.All right. So, you have these new homes start that are are it looks it looks great. It looks lik ...

Housing Market Sales - Existing home sales in July increased by 2% month-over-month, reaching a seasonally adjusted annualized rate of 401 million units, exceeding market expectations [1] - Year-over-year sales increased by 08% compared to July of the previous year [1] Housing Market Supply and Price - The number of homes for sale at the end of July was 155 million, up 157% year-over-year [2] - The current sales pace represents a 46% month supply [2] - The median price of a home sold in July was $422400, a slight increase of 02% from July of the previous year, marking a new July high [2] Buyer Trends - First-time buyers accounted for 28% of sales, down from 30% in June, historically they make up 40% [3] - All-cash transactions reached 31%, up from 27% the year before, which is considered unusually high [3][4] Regional Sales - Sales were strongest in the Northeast month-over-month and weakest in the Midwest [3]

UK home prices are almost £11,000 cheaper than three months ago, with sellers competing for attention during the market’s summer lull https://t.co/OiAu916NV8 ...

Australian home prices climbed for a sixth straight month with every major city reporting gains https://t.co/ott6PnYKCL ...

Housing Affordability - Mortgage rates need to decrease to below 45% for housing to become affordable in the US [1] - Home prices need to decline by 18% for housing to become affordable in the US [1]

Market Trend - US home prices have reached unprecedented highs [1] - Suggests leveraging home equity to gain exposure to Bitcoin [1] Investment Strategy - Explores the value of homes in Bitcoin terms [1] - Proposes a method to accumulate Bitcoin using home equity [1] Company Solution - Highlights Horizon's role in facilitating this process [1]

Housing Market Sales - Existing home sales decreased by 2.7% month-over-month to a seasonally adjusted annualized rate of 3.93 million units [1] - The market experienced a miss in sales, with expectations being for essentially flat sales year-over-year [1] - Sales data reflects contracts likely signed in April and May when the average on the 30-year fixed mortgage rate exceeded 7% [1] Housing Supply and Demand - The number of units for sale at the end of June was 1.53 million, up 15.9% from June of the previous year [2] - The month's supply is at 4.7 months, still considered lean compared to the balanced level of 6 months [2] Home Prices and Market Dynamics - The median price of a home sold in June was $435,300, a 2% increase year-over-year, marking the 24th consecutive month of annual increases [2] - Homes are staying on the market longer, averaging 27 days compared to 22 days last June [2] - First-time buyers represent 30% of sales, lower than the historical average of 40% [3] - All-cash sales remain elevated at 29% of total sales [3] - Sales are strongest in the higher end of the market, a shift from the spring when this segment was affected by stock market volatility [3] Potential Policy Impact - A potential cut in capital gains on home sales, as suggested by the president, is estimated to affect 15% of current homeowners, primarily at the highest end of the market [4]

JUST IN: 🇺🇸 US home prices hit record high in June. ...

Breaking: Home prices hit a record high. The crucial spring selling season has been a bust, with June sales hitting a 10-month low. https://t.co/wHfW3NqZH8 ...