Our next guest has been calling for 100 basis points of cuts this year for months, long before we saw a downturn in the official jobs data. So what is he looking for this week and how should investors position. With us is Barry Knap, Ironside's macroeconomics director of research.Barry, it's great to see you. >> Good to see you again, Mike. >> So it's it's an interesting take that you have here that in other words, 100 basis points is warranted.I guess you would also say perhaps overdue. Uh, at the same tim ...

Core Insights - The U.S. housing market is showing signs of shifting towards a buyer's advantage, with over half of home listings sold for less than their asking prices in May [1] - A significant year-on-year decline of 15% in closed deals was noted, despite a 10% increase in pending deals, indicating potential market instability influenced by high mortgage rates [2] Market Trends - The median home price in the U.S. is currently $495,000, leading to approximately $3,000 monthly interest payments on a 7% mortgage, with total payments potentially exceeding $5,000 when including principal and insurance [3] - Inventory levels are increasing in many markets, particularly in affordable housing, with Toledo, Ohio, experiencing a 128% increase in available inventory, the highest among metropolitan areas studied [4] Regional Insights - In Toledo, the median home price is $210,000, with only 32% of homes selling above the asking price, indicating a favorable environment for buyers [5] - Naples and Cape Coral, Florida, saw inventory increases of 58% and 55%, respectively, and are identified as having the highest risk of future price declines [5] - The Washington, D.C. metro area also experienced a 58% increase in inventory, but the median home price remains high at $650,000 [5] Buyer Strategies - There is an average $45,000 disparity between median list prices and median closing prices, suggesting buyers may benefit from focusing on newly built homes rather than the second-hand market, as major homebuilders can better absorb price drops [6]

A town in Marin County, Calif., is struggling to ​meet state housing mandates, with a fight over an apartment tower in the latest ​clash as the Yimby movement spreads https://t.co/4FeFc1NM4O ...

Core Insights - The housing market is currently characterized as a buyer's market in seven metropolitan areas, with Miami, Orlando, and Austin having the highest months of supply, indicating increased leverage for buyers [1][10][11] Market Supply and Demand - Miami has the highest supply at 9.7 months, a 35% increase from the previous year, indicating it would take nearly 10 months to sell all listings at the current pace [2][20] - Austin follows with 7.7 months of supply, attributed to a softening buyer demand post-COVID-19 and a significant increase in for-sale homes [5][21] - Orlando has 6.9 months of supply, with a 34% year-over-year increase in inventory [8][26] Price Trends - The median list price in Miami is $510,000, down 4.7% from the previous year [4] - In Austin, the typical home price is under $500,000, reflecting a 4.8% decrease year-over-year [7] - Orlando's median listing price decreased by 3.4% to $429,473 [8] Market Characteristics - All seven buyer-friendly metros share common traits of rising inventory and slower sales, leading to increased competition among sellers [10] - The housing market is particularly weak in the South and West, especially in Florida, with notable softness in inventory and price cuts [11] Future Price Predictions - The months of supply metric is predictive of future price movements, with all seven buyer's markets experiencing year-on-year price-per-square-foot declines [13]

Core Insights - The American dream of home ownership is increasingly out of reach, with only 28% of homes in the U.S. being affordable for medium-income households [1] - High mortgage rates, which remain between 6.5% and 7%, are significantly impacting monthly mortgage payments and overall housing affordability [1][2] - Home prices have surged by 38% from $319,450 in 2019 to $439,450 in 2025, exacerbating the affordability crisis [3][4] Housing Affordability - A $400,000 mortgage at a 3% interest rate results in a monthly payment of approximately $1,600, while at a 7% rate, the payment jumps to $2,600, nearly doubling the cost [2] - To afford a $2,600 monthly payment, a household would need an income of $104,000, not including additional costs like property taxes and insurance [2] Wage Growth vs. Housing Prices - Wages have increased by 15.7% since 2019, but this growth is less than half the rate of housing price increases, leading to a decline in buying power for typical families [5] - The price range that most families can afford has decreased from $325,000 in 2019 to $298,000 in 2025 due to high mortgage rates and stagnant wage growth [4] Regional Disparities - Certain metropolitan areas, including Milwaukee, Houston, Baltimore, New York, and Kansas City, Missouri, have experienced the most significant loss of buying power since 2019 [6]

Housing Market Overview - The housing market is increasingly out of reach for first-time buyers due to persistently high interest rates, with the current 30-year mortgage rate at 6.4% [1] - The market is bifurcated, with repeat buyers benefiting from increased housing equity, while first-time buyers have shrunk to a historic low of 24% of all buyers, down from a historical norm of 40% prior to 2008 [15] First-Time Home Buyers - The median age of first-time home buyers has reached an all-time high of 38, compared to the late 20s in the 1980s [14] - First-time home buyer household income has increased by $26,000 over the last two years, with the current median household income at $97,000 [15] Financial Considerations - Adding children to a mortgage application can affect their future ability to secure their own mortgage, and refinancing may incur significant costs [2][6] - It is advised to consult financial professionals before making decisions regarding mortgages, as real estate agents may have conflicting interests [3] Home Ownership Dynamics - Different types of home ownership exist, such as joint tenancy and tenants in common, which can affect ownership rights and responsibilities [12] - The arrangement of having children on a mortgage but not on the deed can leave co-signers vulnerable, as they bear the financial risk without ownership [8]

Core Insights - Nobility Homes, Inc. reported third quarter sales of $12.0 million for the period ending August 2, 2025, a decrease from $13.8 million in the same quarter of 2024 [1] Financial Performance - The sales decline represents a year-over-year decrease of approximately 13.0% [1]

Home prices are rising, which is boosting American homeowners' net worth – though those gains may be eroded by stubbornly high inflation. Data from Realtor.com showed that median home listing prices were up 0.5% in July from a year ago, though the outlet noted in a report that inflation has outpaced those gains and is up 2.7% year over year. That dynamic is known as home equity erosion and occurs when the value of a home rises at a pace that isn't enough to keep up with inflation. As inflation rises at a f ...

If you’re considering buying a house before December ends, 2025 may surprise you. Mortgage rates have eased from last year’s highs, housing inventory is on the rise, and price growth is generally down from last year’s breakneck pace. But here’s a twist: New data suggests there’s a one-week window in October — Oct. 12 to 18 — that may offer your best shot at negotiating from strength. Read more: The best mortgage lenders for first-time home buyers Mortgage rates in 2025: Down from recent highs For many ...

💥BREAKING:🇺🇸 US HOUSING PULTE SAYS BIG NEWS ON LISA COOK JUST RECEIVED MAJOR NEWS COMING SHORTLY. https://t.co/Z7VggbIjKG ...