Here’s why new home sales are up along with prices
We have 61,000 new homes completed for sale, amounting to 1.2 months of the supply, and 298,000 new homes are still under construction.
We have 61,000 new homes completed for sale, amounting to 1.2 months of the supply, and 298,000 new homes are still under construction.
Total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people.
Letâs face it: no one likes losing money, especially if youâre living on a budget. In fact, this sentiment is so ingrained into us that weâre actually willing to lose money in order not to lose money. Confused? You should be. This phenomenon is known as the sunk cost fallacy. That concert you went to
The post What is the Sunk Cost Fallacy & How to Avoid Losing Because of It appeared first on MintLife Blog.
Recession: Likely Correction: Maybe Crash: Unlikely Recession Housing Recession = Loss in Construction Jobs In the last 10 years, home builders have been busy. But, housing supply doesnât have a cartel like oil suppliers have OPEC. So, most builders & many city councils got overzealous…
The post Recession â Correction â Crash appeared first on GeekEstate Blog.
All these new home sales reports donât even account for current cancelation rates so the headline numbers we are seeing arenât correct.
Sound the alarm. A severe housing downturn may now be in the cards in the United States. That is, if you believe the latest commentary from credit rating agency Fitch Ratings. To be clear, they actually said âthe likelihood of a severe downturn in US housing has increased.â They still believe such a scenario is… Read More »A Severe Housing Downturn Is Now Possible
The post A Severe Housing Downturn Is Now Possible appeared first on The Truth About Mortgage.
In this week’s founder interview, we’re bringing you Joe Chen from Chime. Without further ado⦠Who are you and what do you do? I am an investor and a serial entrepreneur, having invested in close to 70 companies and started nearly a few dozen new venture projects…
The post Meet The Real Estate Tech Entrepreneur: Joe Chen from Chime appeared first on GeekEstate Blog.
During a typical recession, builders typically show lower starts, permits, and completion data. But builders now they have a massive backlog of homes they need to finish.
The housing market recession we’ve seen this year is significantly different than 2008. Here’s what you should pay attention to.