Analysis by comparison website finder.com.au found that of the $706 billion worth of new home loans approved in 2014-15, a worrying 42 per cent of them were for interest-only repayment arrangements…
Category Archives: #HousingMarketCrash
– Housing market collapse.
“Clearly Awful News”: UK Subprime Lender Provident Crashes Most On Record, CEO Quits
UK subprime lender Provident Financial Plc crashed the most on record, its stock plunging over 73%, on what analysts called a “quadruple whammy”: a profit warning forecasting a full-year loss, scrapping its dividend, a regulator probe into its Vanquis Bank unit, and the departure of CEO, the aptly
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House Price Bubbles 2.0 In Pictures
Bottom Line: House prices and end-user, shelter-buyer fundamentals have never been further apart in key, economically significant cities.
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Realtors Warn Of “Another Housing Crash” If Mortgage Tax Deductions Are Scrapped
After failing miserably if their efforts to repeal and replace Obamacare, Republicans are set to shift their legislative agenda to focus on tax reform when they get back from their generous month-long August recess (taxpayers are such great employers).
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U.S. Rent Growth Flatlines As Massive Flood Of New Apartment Supply Finally Takes Its Toll
After a slow and steady march higher in the wake of the ‘great recession’ nearly a decade ago, a note today from Rent Cafe shows that average rents in the United States may have finally stalled in July at $1,350 per month after posting a paltry sequential gain of just 0.1%…
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This Time, It’s A Bubble In Rentals
Sin City’s projected 5,000 new apartment units for this year makes no noise nationally in the latest real estate craze. writes Wolf Richter on Wolf Street. That is three times the number of units that came on line in 2011…
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Toronto Housing Market Implodes: Prices Plunge Most On Record
Until mid 2017, it appeared that nothing could stop the Toronto home price juggernaut: And yet, In early May we wrote that “The Toronto Housing Market Is About To Collapse”, when we showed the flood of new home listings that had hit the market the market, coupled with an extreme lack of affordabil..
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These Are The Cities Where Rent Hikes Leave The Most People Homeless
The idea that rising rents beget increases in a city’s homeless population is nothing new. But in a recent study, Zillow, the online real-estate database company, used a mix of government and proprietary data to examine how much influence an increase in the first variable has on the second…
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Conspiracy Daily Update 