New Home Sales Puke In November

New home sales collapsed in November, plunging by 11% MoM, its second biggest monthly drop since 2015  Source: Bloomberg Sending the new home sales SAAR reeling back to 841k (drastically below the 995k expected)… The median selling price rose 2.2% from a year earlier to $335,300, with 17% of new homes sold in Nov. cost more…

CORONAVIRUS AND THE PROPERTY MARKET

The Coronavirus has impacted property market trends across the globe. We look at the good, the bad and the uncertain effects of the pandemic on real estate. An uncertain future for commercial real estate  During Australia’s national peak of the Coronavirus pandemic, 4.3 million people (almost a third of our workforce) were working from home.*…

The Crashing Rental Market Could Set Off The Next Housing Crisis

The Crashing Rental Market Could Set Off The Next Housing Crisis The Crashing Rental Market Could Set Off The Next Housing Crisis by Tyler Durden   We have extensively followed the collapse in rental prices since the beginning of the pandemic here on Zero Hedge (for examples, look here  and here and here). In addition to prices collapsing, some tenants affected…

Freddie Mac Multifamily Midyear Outlook Reveals Pandemic’s Effect on Market

Freddie Mac Multifamily Midyear Outlook Reveals Pandemic’s Effect on Market Freddie Mac Multifamily Midyear Outlook Reveals Pandemic’s Effect on Market MCLEAN, Va., July 31, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) Multifamily projects marginal reductions in rents and increased vacancies as the multifamily market responds to the economic effects of the COVID-19 pandemic. Although total multifamily…

The Four Horsemen Of Disinflation: The Coming Rent-pocalypse

The Four Horsemen Of Disinflation: The Coming Rent-pocalypse The Four Horsemen Of Disinflation: The Coming Rent-pocalypse by Tyler Durden   One month ago, we discussed “The Most Important Question In Finance Today“, namely whether in the aftermath of the covid pandemic the world ends up with runaway inflation or price-crushing deflation. Today, Bank of America provides…

Commercial Mortgage Delinquencies Near Record Levels

Commercial Mortgage Delinquencies Near Record Levels Commercial Mortgage Delinquencies Near Record Levels By Dorothy Neufeld   Delinquency rates across commercial properties have shot up faster than at any other time. As thousands of restaurants, hotels, and local businesses in the U.S. struggle to stay open, delinquency rates across commercial mortgage-backed securities (CMBS)—fixed income investments backed…