Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off

Comparing real estate metrics from one year to another can be challenging in a normal housing market.
http://dlvr.it/Sps0Qy

Comments

Post a Comment

Popular posts from this blog

History Proves Recession Doesn’t Equal a Housing Crisis [INFOGRAPHIC]

Image
Some Highlights * It’s important to understand history proves an economic slowdown does not equal a housing crisis. * In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. * If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008. http://dlvr.it/SRY5p7
Read more

SVB > NFP = Supermassive Bond Rally

Image
SVB > NFP = Supermassive Bond Rally In a matter of 48 hours, Silicon Valley Bank has gone from being a company that we've never heard about or discussed to the highest profile bank failure since the Great Financial Crisis.  Such developments sound like they should be good for bonds and today was no exception.  The news certainly overshadowed today's jobs report although traders also looked willing to take that in stride (higher headline job creation offset by lower wage growth and higher unemployment). The net effect was the largest rally in 4 months and one of the 5 biggest rallies of the past decade--at least for Treasuries.  MBS underperformed for reasons discussed in today's video. Econ Data / Events Nonfarm Payrolls 311 vs 205 f'cast, 504 prev Wages 0.2 vs 0.3 f'cast, 0.3 prev Unemployment Rate 3.6 vs 3.4 f'cast, 3.4 prev Participation rate +0.1 Market Movement Recap 08:53 AM Big overnight rally, additional gains after NFP, bu...
Read more