The Fed Has SPOOKED the Real Estate Market! Housing Slowdown Will Get Worse!
The chaos which took place leading up to 2008 was able to cool off for a few years as foreclosures and deleveraging became widespread. But it didn’t take long to heat up once again. Today we can see the euphoria and delirious behaviour particularly in major cities around the U.S, Canada, the UK, Australia, New Zealand, Hong Kong, and in just about every other country. But there’s certainly one thing that could turn this around.
Thousands line up for zero-down-payment, subprime mortgages
https://www.cnbc.com/2018/10/12/thousands-line-up-for-zero-down-payment-subprime-mortgages.html
Mortgage Rates Fast Approaching 5%, a Fresh Blow to Housing Market - WSJ
https://www.wsj.com/articles/mortgage-rates-fast-approaching-5-a-fresh-blow-to-housing-market-1539266400
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Freddie Mac on Twitter: "Mortgage Rates Rise to Highest Level in Seven Years: https://t.co/Cj2GH9Tofy Chief Economist @TheSamKhater: "Rising rates paired with high and escalating home prices is putting downward pressure on purchase demand." #mortgagerates #mortgages… https://t.co/G7OS05el16"
https://twitter.com/FreddieMac/status/1050389200661598208
- FreddieMac
The big banks have started hiking fixed mortgage rates, but home buyers don’t need to panic - The Globe and Mail
https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-scotiabank-becomes-first-big-bank-to-hike-fixed-mortgage-rates/
Mortgage rates on 30-year home loan hit 5 percent
https://www.usatoday.com/story/money/2018/10/10/mortgage-rates-30-year-home-loan-hit-5-percent/1588544002/
2018 Cost Burden Report: Despite improvements, affordability issues are immense - Rentonomics
https://www.apartmentlist.com/rentonomics/cost-burden-2018/
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NYC real estate becomes a buyers market, as homes take longer to sell
https://www.cnbc.com/2018/09/30/nyc-real-estate-becomes-a-buyers-market-as-homes-take-longer-to-sell.html
Hong Kong commercial property and housing markets face slowdown as trade war, souring sentiment bite | South China Morning Post
https://www.scmp.com/property/hong-kong-china/article/2167544/hong-kong-commercial-property-and-housing-markets-face
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