Rising Rates Head and Shoulders Above Real Estate Assets Future Performance?

Posted Leave a commentPosted in Real Estate

This week, I’d like to share a weekly chart analysis of the iShares Dow Jones Real Estate (IYR) exchange traded fund. As illustrated, we have the formation of a classic head-and-shoulders technical pattern and the potential for more severe bearish price action. From a cyclical perspective, the certainty of a higher interest rate environment could […]

View From the Hill: It’s All Fun and Games Until…

Posted Leave a commentPosted in Bonds & Fixed Income, Commodities, Currencies & Forex, Equities, Real Estate, Views From The Hill

Going into the weekend the equity markets are delivering mixed results. Outside of Bonds, Utilities, and Real Estate, the Fed announcement on monetary policy and unwinding its balance sheet had very little effect from a weekly perspective. Today, it appears Geopolitics has re-emerged as a toxic cloud over the broad markets ¬†as tensions between North […]

Residential Real Estate (Dec-16-2015): Mortgage Applications and Housing Starts

Posted Leave a commentPosted in Real Estate

Mortgage Applications The latest MBA (Mortgage Bankers Association) report for the week of December-11-2015 showed the composite index contracting wk/wk @ -1.1% vs. prior @ 1.2%. The purchase index declined wk/wk @ -3.0% vs. prior @ 0.04%. The weekly change on the refinance index increased @ 1.0% vs. prior @ 4.0%. US Housing Starts During […]

July-2014 Housing Starts Deliver Positive Surprise and Underscore Multi-Family Unit Growth

Posted Leave a commentPosted in Real Estate

Housing Starts for July-2014 were released today and delivered a positive surprise to the market with actual starts @ 1.093mm vs. consensus forecasts @ 0.963mm and prior month @ 0.945mm. Housing is clearly making a comeback as the number of permit applications jumped almost 80k to 1.052mm and the reality begins to bite real estate […]

Affordable Housing Index And Growing Employment Opportunties May Support Home Building Stocks

Posted Leave a commentPosted in Real Estate

Today’s release of the June-2014 Housing Affordability Index shows that the underlying improvement of the residential real estate market is still sustainable, barring any severe contraction in median incomes and employment or a sharp increase in mortgage interest rates. With an affordability score @153.4, families earning at least the median income have 153% of the […]