'Dangerous territory': Investor Peter Boockvar warns recession is spreading to other parts of economy

There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it’s rapidly spreading to other parts of the economy. “People are not being sensitive enough to this economic slowdown and what it’s going to be mean for corporate earnings and profit margins,” the Bleakley Advisory …

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US falls into ‘housing recession’ as mortgage rates, building costs surge

The US housing market has plunged into a full-blown recession as tightened economic policy and surging expenses weigh on home builders. Builder confidence has plummeted for eight consecutive months, marking its worst stretch since the housing market imploded in 2007 in the midst of the Great Recession, according to data released Monday. The National Association …

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Home-builder-confidence decline in August fuels talk of U.S. 'housing recession’

The numbers: The National Association of Home Builders’ monthly confidence index fell 6 points to 49 in August, the trade group said Monday.  The August reading of 49 is the first time since May 2020 that the index fell below a break-even measure of 50. The decline was the eighth straight month in August. Economists …

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Homebuilders say U.S. is in a 'housing recession' as sentiment turns negative

A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo …

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There are new opportunities in China's property market despite industry troubles: Real estate firm

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email David Steinbach of Hines says the company takes a long-term view on China’s real estate sector and is interested in life sciences, sustainability and other areas. read entire article

: American attitudes about whether it’s a good time to buy a home just hit the lowest level in a decade, another sign of the housing market’s slowdown

Both prospective home buyers and sellers are backing off from the U.S. housing market, a new survey shows. Their anxiety over higher mortgage rates and a softening market was registered by the Fannie Mae Home Purchase Sentiment Index FNMA, -0.08%, which dropped by 2 points in July to 62.8. That’s the lowest level since 2011. …

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Market Extra: Why home prices can stay high, complicating the Fed’s battle against inflation

Sky-high housing prices still threaten to complicate the Federal Reserve’s inflation fight, even as America’s market for single-family homes shows signs of cooling in response to sharply higher interest rates. This week, Redfin reported the number of “stale” home listings climbed above 60% in July, reflecting the year’s surge in mortgage rates and concerns about …

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Self-made millionaire: 'Don't buy a home—unless you can afford to waste money'

I love investing in real estate, and it’s a major reason why I was able to become a self-made millionaire. But I’ve learned that buying a single-family home to live in isn’t always a great investment.  I realized this in 2003, when I was a newlywed with a newborn, and bought my dream home in …

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Cutting debt in China's property sector is the right thing to do, says BofA Securities

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Winnie Wu of the investment bank discusses China’s economic outlook and the right short- and long-term approaches to the country’s real estate troubles. read entire article

: More people are looking to move to cities in search of cheaper housing, Redfin says

New user data from Redfin reveals that a record share of users were looking to move from one city to another in July, many in search of cheaper housing. Home prices and mortgage rates have gone up so much that people are now increasingly looking to move to more affordable areas, according to a new …

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