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Mortgage Rate: 3.8% for 30 Years

Written by Gary North on December 19, 2014


The rate of price inflation (median CPI) was up a tiny 0.1% last month.   The CPI was down by -0.3%. The 30-year mortgage rate is at 3.8% There is no “inflation premium” in the mortgage rate today. This sends a signal: “Don’t worry about price inflation. Lend!” This will prove to be a misleading signal […]

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China’s Housing Bubble Has Popped

Written by Gary North on August 27, 2014


Those trusting souls who arrived late to the biggest housing bubble in history have lost a lot of money. They are going to lose a lot more. It’s here at last. Pop. Writes MarketWatch: In one case, scores of property owners surrounded a Shanghai sales office of Greentown China Holdings Ltd. 3900, +8.58% GTWCF, -33.19% […]

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Single Family Housing Market: Stagnant. Apartments: Booming.

Posted on May 20, 2014


Builders ramped up construction in April, but they were mostly building multifamily apartment buildings. A monthly report from the U.S. Census Bureau showed total housing starts up 13 percent month to month, but that was driven by a 43 percent monthly jump in buildings with five or more units. Single-family housing starts rose just under […]

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Houses Built by 3D Printers for $5,000 Each

Written by Gary North on May 13, 2014


A Chinese firm can build ten houses a day for under $5,000 each. The construction is based on cement and used materials. You can see them here. This is a revolution. Give this another decade — maybe less. This will hit the construction industry like a ton of 3D-made bricks. Want a weekend getaway home […]

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Why The Housing Sector Won’t Save The Broader Economy

Posted on April 26, 2014


The housing sector may or may not get better after a slow start to 2014. But regardless, it certainly won’t save the broader economy — at least not according to two professors who run a popular economics blog. On House of Debt, Princeton’s Atif Mian and University of Chicago Booth School of Business’s Amir Sufi […]

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Rent Or Buy A Home? This Map Has The Answer

Posted on April 19, 2014


Should you rent or buy a home? Depends on where you live. To help make the decision simpler, RealtyTrac crunched the numbers and created an interactive map of the rent/buy fault lines across America, Baltimore has the most advantageous market in the U.S. for home buyers, with a net difference of $1,160 between renting and […]

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Home Prices Reach Peaks in 4 States

Posted on April 1, 2014


Despite harsh weather, home prices in the U.S. held up in February, with four states setting record highs, according to CoreLogic data released Tuesday. Home prices in Colorado, Nebraska, North Dakota and Texas hit peaks, and another 18 states were within 10% of their peak prices (see the above chart from CoreLogic). Factors driving home […]

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