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 […]
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 […]
By J Clinton Hill, Capital Markets Strategist @ Hillbent.com Rental inflation has been a plague for many Americans since the 2008 recession. According to the National Low Income Housing Coalition, an American renting a 2-bedroom unit in 2016 would need to earn an average $20.30 per hour based upon a 40-hour workweek. This figure is […]
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 […]
Below are our weekly technical analysis charts for the major real estate indices as represented by the Dow Jones Real Estate Index and the Dow Jones Homebuilders Index.
Here is our weekly technical analysis slide show of charts for the major real estate indices, which are represented by the Dow Jones Real Estate Index and the Dow Jones Homebuilders Index.
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 […]
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 […]