Since interest rates are NOT going to be cut but, to everyone’s shock, will RISE, this makes a lot of sense.
Real Weakness
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Real Estate IYR Crumbles
Real Estate Gets It
As IYR mashed up against its trendline a couple of weeks ago, I pointed it out as a bearish opportunity. It took a little while, but it has finally wised up.
The American Ream
Normally it only takes a small percentage change in something to make it newsworthy. If the labor force participation index, for instance, went from 62% to 61%, that would merit discussion. The chart below, however, is jaw-dropping: a 50% level of home affordability down to 16% should be front page news across the country (it isn’t). I suppose this is largely caused by the increase in interest rates coupled with the merciless acquisition of residences by private equity firms. Let’s just say I’m glad I bought my “life home” in 1991.
Squatty Potty
Nice to see my home state got this one right.
