Wealth Creation Through Natural Resources
Trump just won the real estate agent/mortgage broker/home builder vote with the following tweet this morning: As is customary with Trump there are no specifics in how he plans to reverse this powerful downtrend in the U.S. homeownership rate. … Continued
5 charts (3 of which are courtesy of Zero Hedge) go a long way towards illustrating the homeownership situation and the current buy vs. rent decision in the United States: Since 2005, when the housing bubble began to pop, … Continued
The average rate of interest on 30-year fixed rate mortgages in the U.S. is down to levels we haven’t seen since early 2013: The roughly 40 basis point drop in average mortgage rates since the beginning of the year … Continued
An impressively bullish note on U.S. housing from RBC this morning: The fact that 2.4 million foreclosures are set to roll off credit reports in 2016 is quite bullish by itself. Add in the other factors mentioned above and it’s … Continued
While equities have more than tripled from the 2009 bottom and home prices have also tacked on significant gains (doubled in certain parts of the country) there is a valid case to be made that these asset classes are still … Continued
The backdrop for U.S. housing is a mixed one. On one hand mortgage rates remain historically low and show no signs of rising anytime soon, and on the other hand existing home sales have begun to drop off recently and … Continued