And we also have pending home sales coming out. And for that, we'll head to Diana Olic. Diana.>> Well, Rick, pending home sales in October rose 1.9% from September. That's a nice beat. The street was actually looking for flat.Sales though were down4% from October of last year. And this count is based on signed contracts. So, people out shopping in October and inking deals when mortgage rates were falling from their recent highs.So, that drop may have helped push demand. Of course, rates came back up in Nove ...

Homeowners are seeing prices weaken significantly and would rather wait than accept a low offer. Prices in September were 1.3% higher year over year, down from a 1.4% rise in August, according to the S&P Cotality Case-Shiller U.S. National Home Price NSA Index.Sellers are delisting because so many listings are going stale, sitting on the market longer and longer. Redfin reported that 70% of listings in September were on the market for 60 days or longer.Close to 85,000 U.S. sellers took their homes off the m ...

November 21, 2025 02:49 PM GMT China Property | Asia Pacific M Idea Monthly Tracker: October Data Worsened; Physical Market May Stay Challenging to 1Q Stay defensive and selective: We stay prudent on POEs, but suggest accumulating quality SOEs with alpha opportunities in view of the new investment thesis for 2026. We like CR Land (1109.HK) and C&D (1908.HK) as long-term market consolidators with attractive dividend yields. We also like Seazen (601155.SS) for its robust mall rental and private REIT divestmen ...

Core Insights - A recent study identifies Rhode Island, Ohio, and Massachusetts as states with the highest likelihood of homes having costly hidden repair issues, often referred to as "lemon" homes [4][6] - The aging housing stock in these states, particularly in the Rust Belt region, contributes to the prevalence of these hidden problems [5][7] Group 1: States with High Risk of Hidden Issues - Rhode Island is ranked as the state most likely to have homes with hidden problems, followed by Ohio, Massachusetts, Connecticut, and Iowa [4][6] - Conversely, states with the least risk of encountering "lemon" homes include Nevada, Florida, Utah, Hawaii, and Texas [4][6] Group 2: Factors Contributing to Hidden Problems - The study highlights that homes in the Rust Belt are generally older and face harsher weather conditions, which exacerbate the risk of hidden issues [5][6] - The median age of U.S. houses reached 44 years in 2023, indicating a significant portion of the housing stock is aging [7] Group 3: Financial Implications - The collective spending on home repairs is projected to rise from $404 billion in 2019 to an estimated $600 billion by 2025, driven by the need to maintain older homes [8] - Maintenance costs for homes built before 1980 are reported to be 76% higher than for those built after 2010, emphasizing the financial burden of aging housing [8] Group 4: Recommendations for Homebuyers - Prospective buyers are advised to conduct thorough home inspections, especially in high-risk areas, to avoid purchasing homes with hidden issues [9][10] - It is recommended to inquire about a home's repair history, as comprehensive records can indicate a lower likelihood of unforeseen problems [10]

Core Insights - More than half of U.S. homes have lost value in the past year, marking the highest share of declines since 2012 [1][2] - Despite the decline in home values, only a small percentage of homeowners are selling at a loss, with 4.1% currently worth less than their last sale price [2][3] - The median home was last purchased 8.6 years ago and has appreciated by 67.2% since then, indicating that most owners still hold solid equity [3] Market Trends - The national average drawdown from peak home value is 9.1%, an increase from 3.5% in spring 2022, but still significantly lower than the 27% seen in early 2012 [3] - The number of homeowners who are underwater on their mortgages has reached nearly 900,000, accounting for 1.6% of all U.S. mortgage holders, the highest level in three years [4] Regional Analysis - The most significant declines in home values are concentrated in the West and South, with 91% of homes in Denver losing value, followed by Austin (89%), Sacramento (88%), and both Phoenix and Dallas (87%) [5] - In contrast, the Northeast and Midwest are faring better, with only three major metros experiencing majority declines: Minneapolis (55%), Des Moines (54%), and Scranton (52%) [6]

Home sales jumped in October as lower mortgage rates encouraged buyers to reenter the market. Sales of existing homes rose 1.2% last month from September to a seasonally adjusted annual rate of 4.1 million, according to National Association of Realtors data released on Thursday. Sales rose 5.3% month over month in the Midwest and a more modest 0.5% in the South. They were flat in the Northeast and fell in the West. Compared to a year earlier, home sales were up 1.7%. The jump came even though the federa ...

Core Insights - The U.S. housing market is experiencing its lowest turnover rate since the early to mid-1990s, with only 28 out of every 1,000 homes changing hands in the first nine months of 2025 [1] Group 1: Factors Contributing to Low Turnover - High borrowing costs and elevated home prices are significant barriers for homebuyers, with the average 30-year fixed mortgage rate remaining around 6% despite a slight decrease from its peak of over 7% in Q4 2023 [2] - The weakening job market and economic growth contribute to homeowners' reluctance to buy or sell, leading to a natural decline in transaction pace [3] Group 2: Regional Variations - Turnover rates vary by region, with major cities like New York and Los Angeles showing the lowest rates at approximately 10 to 11 sales per 1,000 homes, influenced by state laws like California's Proposition 13 that incentivize homeowners to remain in their properties [4] Group 3: Market Implications - The current market conditions result in reduced supply for buyers and diminished demand, leading to a sluggish housing market characterized by fewer transactions and more homes remaining unsold [6] - A potential drop in mortgage rates could encourage buyers to re-enter the market and prompt sellers to consider moving [7]

Core Insights - In uncertain economic times, dividend-paying stocks are considered a safer investment option due to their potential for consistent payouts regardless of market fluctuations [1][2] Company Summaries UnitedHealth Group - UnitedHealth Group's share price has decreased by 36% year-to-date, primarily due to a Department of Justice investigation for alleged Medicare fraud [3][4] - The company is viewed as "too big to fail," and its valuation may become more attractive for investors believing in its recovery [3] - The growing and aging U.S. population will continue to drive demand for healthcare services [3] - Current market capitalization is $284 billion, with a recent dividend yield of 2.73%, and total yield including share buybacks is approximately 5.75% [5][6] Bank of America - Bank of America is another holding of Berkshire Hathaway, which owns about 8% of the bank [7] - The bank has been reducing its position, possibly due to decreasing interest rates affecting profitability [7] - Despite this, Bank of America has growth drivers in brokerage accounts and wealth management services, which are less impacted by interest rates [9] - The recent dividend yield is 2.15%, with total annual payout per share increasing from $0.20 in 2015 to $1.06 recently [10] Lennar - Lennar is a major American homebuilder, benefiting from the ongoing demand for affordable housing [11] - Falling interest rates could stimulate home buying, positively impacting Lennar's business [13] - The company has a backlog of nearly 17,000 homes valued at $6.6 billion and has repurchased $507 million worth of shares [14] - Recent dividend yield stands at 1.7%, with significant shareholder value enhancement through stock buybacks [14] Vanguard International High Dividend Index ETF - The Vanguard International High Dividend Index ETF focuses on dividend-paying stocks outside the U.S., appealing to investors concerned about the domestic market [15] - The ETF has a dividend yield of 3.9% and a five-year average annual return of 14% [16] FMC - FMC, a specialist in crop protection and nutrition, has a high dividend yield of 17% but has seen a stock price drop of nearly 73% year-to-date [17][18] - The company recently cut its per-share dividend by 92%, indicating financial distress [18] - FMC's challenges are linked to its India business, which is being divested, making it a riskier investment compared to other alternatives [18]

Key Takeaways PulteGroup plans to enter the Cincinnati market after strong results in Cleveland and Columbus.PulteGroup cites robust regional housing demand and its multi-market strategy as key supports.PHM shares are up 3.7% YTD, outperforming the industry amid balanced sales and steady land investment.PulteGroup, Inc. (PHM) is further reinforcing its market leadership in the Midwest with plans to expand its homebuilding operations into the Cincinnati market in Ohio.Building on its strong performance in Cl ...

Home Sales Rise Year Over Year as Market Adjusts to Longer Selling Times DENVER , Nov. 18, 2025 /PRNewswire/ -- October brought encouraging signs for the housing market, with home sales up 3.2% compared to October 2024 across 51 metro areas surveyed. It was the fifth month in 2025 where sales exceeded last year's levels. ...