U.S. 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 .

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.

U.S. Housing Drops 11.1% in May to 1.04 Million Annual Rate

By Wednesday, June 17, 2015
U.S. Housing DropsThe U.S. home-building industry has taken off this year to its best two months in more than seven years as it heads into summer. However, it began work on fewer houses in May following an April surge. On Tuesday, June 16, 2015, the Commerce Department reported the housing starts declined 11.1% to a 10.4 million annualized rate which followed April’s revised 1.17 million. (Source: U.S. Department of Housing and Urban .

April Homes Sales Decline: U.S. Housing Market in Trouble?

By Friday, May 22, 2015
April Homes Sales DeclineOn Thursday, May 21, the National Association of Realtors released its report on existing home sales in April. Total existing home sales declined 3.3% to an annual rate of 5.04 million units in the U.S. (Source: National Association of Realtors, May 21, 2015.) April’s existing home sales are disappointing; analysts were expecting 5.24 million units for the month. The decline in existing home sales extends coast-to-coast. According to the report, .

U.S. Housing Market: Worries Increasing, Buyers Dwindling

By Wednesday, May 20, 2015
U.S. Housing MarketThe Federal Reserve is expected to raise interest rates in September. When this happens, I expect the U.S. housing market to become one of its first and biggest victims. You must remember that the housing market and interest rates have a negative relationship. If interest rates rise, home prices suffer. This is basic economics. The Impact of the Federal Reserve Interest Rate Hike Interest rates haven’t even gone up, yet .

House Prices to Decline in 2015?

By Monday, September 15, 2014
House Prices to Decline in 2015As we progress to the end of 2014, my skepticism towards the U.S. housing market increases. In fact, the fate of home prices in 2015 is in question. I don’t expect an outright collapse of the housing market like the one we saw in 2007, but I see the momentum in housing prices that began in 2012 and picked up in 2013 dissipating for several reasons. First, according to Fannie .

Surprise: U.S. Housing Prices Now in a Decline

By Monday, August 4, 2014
Three Strikes Against the U.S. Housing MarketThe S&P Case-Shiller 20-City Home Price Index, a measure of the housing market in key American cities, declined in May by 0.31% from April—the first monthly decline in home prices in 27 months. (Source: Federal Reserve Bank of St. Louis web site, last accessed July 30, 2014.) The number of homes being built in the U.S. is also falling.  In June, the annual rate of new homes being built in .

A Major Problem with This Quarter’s GDP Numbers

By Friday, August 30, 2013
U.S. economyIn its revised estimates of the gross domestic product (GDP) for the second quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the U.S. economy grew at an annual pace of 2.5%, up from its previous 1.7%. (Source: Bureau of Economic Analysis, August 29, 2013.) GDP numbers being better than before will send a wave of optimism through the stock market—I can just hear stock advisors saying “Buy, .

Best Explanation on the Fake Housing Market Recovery I’ve Seen

By Thursday, June 6, 2013
Housing Market RecoveryThe average American Joe isn’t participating in the U.S. housing market. As a matter of fact, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, investors purchased 69% of “damaged” properties in April 2013, while first-time home buyers accounted for only 16% of “damaged” purchases. It is very well documented in these pages how home prices in the U.S. economy are being driven upward by institutional investors. Affirming my stance .

As Investors Flee Gold ETFs, Central Banks Jump in as Bigger Gold Buyers

By Monday, March 11, 2013
Central Banks Jump in as Bigger Gold BuyersWhile mainstream financial and a growing number of economic forecasters focus on investors fleeing the gold bullion market, I am following in the footsteps of central banks around the world… Investors pulled out a record amount of money from gold bullion-backed exchange-traded funds (ETFs) this past February. A total of $4.1 billion was withdrawn from gold bullion ETFs last month, the largest single-month outflow since January of 2011. (Source: ETF .

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

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