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Home / Tag Archives: Real Estate (page 10)

Tag Archives: Real Estate

Housing Bubble 2.0? Not Yet, But Prices Are High

House prices continue to rise. Yesterday a Bloomberg article reported that home prices jumped to all-time highs in almost two-thirds of U.S. cities in the fourth quarter in the face of limited new supply and an improving job market. Rising home prices have spurred the question: Are we in another housing bubble? Our quick answer is probably not, but prices are elevated. We constructed a chart of the relationship between median home prices and median household income going back to 1987. We...

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Inverted Curve? Not So Fast, Says Gundlach

While many pundits have been calling for a flat or inverted yield curve – a widely acknowledged recession-predictor – DoubleLine Capital founder, Jeffrey Gundlach, recently argued not so fast. Looking at the difference in yield between the 10-Year and 2-Year U.S Treasuries, Gundlach said in his January 9th, 2018 “Just Markets” webcast, “I’ve noticed that the yield curve has stopped flattening.” Gundlach noted at the time that there are more curve-flattening bets now than at any time since...

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Inverted Curve? Not So Fast, Says Gundlach

While many pundits have been calling for a flat or inverted yield curve – a widely acknowledged recession-predictor – DoubleLine Capital founder, Jeffrey Gundlach, recently argued not so fast. Looking at the difference in yield between the 10-Year and 2-Year U.S Treasuries, Gundlach said in his January 9th, 2018 “Just Markets” webcast, “I’ve noticed that the yield curve has stopped flattening.” Gundlach noted at the time that there are more curve-flattening bets now than at any time since...

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Not All REITs Are Equal

As an investment concept, I like REITs, and so should small investors. Real estate investment trusts give ordinary investors the ability to own office buildings, apartments, hotels, storage centers, medical facilities, industrial warehouses, malls, movie theaters, gas stations, and even data centers where large computer systems for big online retailers and Internet businesses are stationed. REITs are organized in a way so that there is no tax at the corporate level in exchange for the...

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After December In Housing, No Miracle

While there are those who saw October and more so November spikes in real estate and housing estimates as the beginning of the something big, all the December 2017 statistics suggest nothing more than the easily anticipated hurricane anomalies. Housing construction was back in line with weaker earlier 2017 estimates (particularly starts), while resales were, too. Today we found that sales of newly constructed homes also pulled back last month after a run in November. The prior month’s big...

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Housing Resales And The Reluctance To Sell

The National Association of Realtors (NAR) reported that sales of existing homes, or resales, declined sharply in December 2017. Falling 3.6% from November (revised lower), that merely suggests what other data has been pointing toward. The hurricanes that hit the South caused distortions in economic conditions, bunching up activity into especially October and November. The lower estimates for December appear to be little more than the (expected) dissipation of those storm disturbances. For...

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Wolf Richter: What Will Rising Mortgage Rates Do to Housing Bubble 2?

Recent Items Links 1/20/18 - 01/20/2018 - Yves Smith Wolf Richter: What Will Rising Mortgage Rates Do to Housing Bubble 2? - 01/20/2018 - Yves Smith Climate Change Mitigation Pays Off $6 for Every $1 Invested…As Funds Targeted for Cuts - 01/20/2018 - Yves Smith 2:00PM Water Cooler 1/19/2018 - 01/19/2018 - Lambert Strether Puerto Rico: Post-Hurricane Maria Relief Effort Omnishambles Rolls On - 01/19/2018 - Lambert Strether SEC Stymies Plans to Offer Bitcoin Funds Anytime Soon -...

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Housing Construction, Hurricanes or No?

The August appearance of Hurricane Harvey has made economic analysis a little more challenging than usual. That it was followed closely by Hurricane Irma only compounded the difficulty. What we have observed, however, is pretty much what we expected. In several economic categories and among various statistics, there was a rush of activity in October that in most places continued into November. One of the sectors that has been exhibiting this behavior is housing construction. Permits and...

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Bi-Weekly Economic Review: A Weak Dollar Stirs A Toxic Stew

Economic Reports Employment We received several employment related reports in the first two weeks of the year. The rate of growth in employment has been slowing for some time – slowly – and these reports continue that trend. The JOLTS report showed a drop in job openings, hires and quits. The Fed has been talking about a tight labor market but this report peaked last July so that may not be as much a concern as they think. It certainly wouldn’t be the first time the Fed got...

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Chaos in Catalonia Hits Barcelona Housing Bubble

Recent Items Selling Out Argentina’s Future—Again - 01/05/2018 - Yves Smith Links 1/5/18 - 01/05/2018 - Yves Smith More Power to the Workers: Seymour Melman on Extraction by the Military, Managers, and Finance - 01/05/2018 - Yves Smith Chaos in Catalonia Hits Barcelona Housing Bubble - 01/05/2018 - Yves Smith Amar Bhide: The Case for Traditional Banking - 01/05/2018 - Yves Smith California’s “Marijuana Revolution” (and $5 Billion Industry), and Cory Booker Does the Right Thing...

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