housing market

U.S. Existing Home Sales Highest Since 2007

By Friday, August 21, 2015
U.S. Existing Home SalesThe U.S. existing home sales surged to an eight-year high. On Thursday August 20th, the National Association of Realtors published its report on exiting home sales for the month of July. (Source: The National Association of Realtors, August 20, 2015.) In July, total existing home sales increased two percent to a seasonally-adjusted annual rate of 5.59 million units in July from 5.48 million units in June. This marks the .

Housing Market: Report Shows Homeownership Out of Reach for Millennials

By Friday, August 21, 2015
Housing-MarketSoaring rents and stagnant wages have pushed the dream of homeownership out of reach for most Millennials, another signal of the country’s economic collapse since the 2008 financial crisis. According to a new report by Zillow, young Americans are now waiting longer than ever to buy their first house. On Monday, the real estate data firm announced the median age of first-time buyers rose to 34 between 2010 and .

U.S. Housing Market: 7.44 Million Reasons to Be Skeptical

By Monday, August 10, 2015
U.S. Housing MarketWe are seeing momentum in the real estate market dissipate—this is something readers of Profit Confidential shouldn’t be surprised about, as I have been predicting problems ahead for the housing market. In fact, I won’t be surprised if 2015 is the first year home prices decline since our last drop in housing prices in 2011. Please look at the chart of the S&P Case-Shiller Index below. S&P Case-Shiller National Home Price Chart Chart Courtesy of www.StockCharts.com.

Housing Market: Affordability and Interest Rates Working Against Higher Prices

By Monday, July 20, 2015
Housing MarketThe National Association of Realtors’ Housing Affordability Index has dropped 12% in the first five months of 2015. (Source: National Association of Realtors, last accessed July 16, 2015.) In January, the qualifying income to get a mortgage for an existing median-priced home in the U.S. was $36,576. In May, buying a median-priced home would require $41,712 in income. Let’s be honest; incomes in the U.S. economy haven’t increased by much .

Lennar Corp. (LEN) Beats Expectations with $183 Million Net Profit

By Wednesday, June 24, 2015
LEN Shares Soar as Housing Market RecoversOne of the nation’s largest home builders crushed market expectations on Wednesday June 24th, signalling that a housing recovery may be here at long last. Lennar Corp. (NYSE/LEN) posted strong second-quarter earnings of $0.79 per share, up from $0.61 during the same period last year. Revenue growth skyrocketed 46% to $2.4 billion from $1.64 billion in the previous quarter. (Source: Lennar Press Release, June 24, 2015.) “The homebuilding market continued .

Economic Outlook 2015: Why it’s Positive for Housing

By Wednesday, June 24, 2015
Economic Outlook 2015If you live in one of the top 20 metropolitan areas of the country, you have probably already witnessed a strong appreciation in your house’s value over the past several years. Based on my economic outlook for 2015, I believe there could be more to come for homeowners. If you happen to own property in San Francisco or New York, you know the home prices in these areas have been .

Housing Market: New U.S. Home Sales Up in May

By Tuesday, June 23, 2015
U.S. Homes Climbed in MayIn the month of May, the purchase of new homes in the U.S. reached its highest level in the last seven years, signaling that the housing market is recovering. Sales of new single-family houses beat analysts’ forecasts, up 2.2% during the month of May. Stronger employment and higher disposable income were credited for the rise. (Source: U.S. Department of Housing and Urban Development, June 23, 2015.) Some analysts speculate the .

U.S. Existing Home Sales Jump 5.1% in May to Highest Level Since 2009

By Monday, June 22, 2015
U.S. Existing Home Sales JumpHome prices rose to a six-year high last month, signaling the U.S. housing recovery is starting to pick up momentum. Existing home sales came in at an annualized rate of 5.35 million units in May—their highest since November 2009. This is a 5.1% increase from April’s upwardly revised 5.09 million, and a 9.2% increase year-over-year. So far, existing home sales have been increasing year-over-year for eight consecutive months. (Source: National .

Disposable Income Down, Rent Up; What This Means for the Housing Market

By Tuesday, May 26, 2015
Disposable Income DownThere’s a major problem in the U.S. housing market; the disparity between rent and disposable income growth has widened drastically and is making it harder for renters to become homeowners. Disposal Income Trend Negative in the Last Decade Before going into details, let’s look at the chart below. It shows the percentage change in the real disposable personal income of Americans. Real disposable income is simply personal income minus taxes, .

U.S. Home Prices Could Fall This Year

By Friday, February 6, 2015
Home Prices RisingAsk any professional involved in the real estate market and they will tell you that when interest rates are low, it’s a great time to buy. Lower interest rates mean higher affordability because mortgage payments are smaller. In December of 2014, the 30-year mortgage rate tracked by Freddie Mac stood at 3.86%—the lowest since May of 2013. (Source: Freddie Mac, last accessed January 27, 2015.) With mortgage rates in the .

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From: Michael Lombardi, MBA
Subject: 200% Profit on the Ultimate "Fear Gauge" Play

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