Your home may still be the best investment you’ll ever make – except maybe a marriage license if it comes with a warranty…
Year-Over-Year
The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions,reported a 0.8% annual gain in April, up from a 0.7% rise in the previous month.
The 10-City Composite saw an annualincrease of 1.8%, up from a 1.5% increase in the previous month. The 20-City Composite posted a year-over-yearincrease of 1.1%, up from a 0.9% rise in the previous month.
Chicago, New York and Cleveland reported the highest year-over-year gains with year-over-year price increases of 6.5%, 3.8% and 3.2%, respectively.
Seattle posted the lowest return in April, falling -2.3% year over year. (George eyes this as bad news for the rad-left.)
Month-over-Month
The pre-seasonally adjusted U.S. National, 10-City Composite, and 20-City Composite Indices recorded annual gains of 0.8%, 1.1%, and 1.0%, respectively.
After seasonal adjustment, the U.S. National and 20-City Composite Indices reported monthly decreases of 0.1% and 0.04%, while the 10-City Composite Index posted a 0.04% gain.
What I found interesting in all this is that a few minutes after the data, markets were still trying to figure what to do with this. First, the data takes a while to be processed – so this is definitely not look ahead.
So, maybe things will get more interesting around 10 AM eastern when the JOLTS lreport on employment hits from labor.
Where we see the Belief Wave in trouble is as the markets look at this – give up any pretense or delusions of rate cuts – and begin to ponder rate increrases to come later this year.
Toss in more of WW III Weekends and a fine time will be had by all, we’re just so sure…
~ ure
thats it . time to checkout for another break .. enjoy your 250 .. full rotation back to a king . his 2 princes setting up a boiler room in the white house palace . some new currency as well . sincerely what a disgrace . as a youngster in the 1960s i stood in awe of the USA .now i see the most corrupt desperate conmen and fraudsters destroying that greatness . later .. 1000s of points later
The empire that rothchild stole out from unda us.
Now his POS son is butt buddies with jared – yeah that jared. The other twisted troll on negotiation team – a rothchild toady.
Can tRUMPs source be any DARKER, evil POS than he already Is?
Invested with evil indeed.
this brief article by you G above is the worst bsheet you ever wrote . how much did they give you for your soul and mind ? aint worth it mate . 2 many spike proteins have hit you 2 . yep the old patriots preserving the tyranny . real later
Ouch!!! Len that smarts! I’m sorry the piece didn’t work for you. The housing numbers I cited are the published data, and my comments reflected how I think markets may interpret them. You’re certainly free to disagree with either the data or my conclusions.
I’ve always tried to separate reporting from speculation by labeling my opinions as such. Sometimes I’ll be right, sometimes not—that’s the nature of market analysis.
I appreciate readers who challenge my thinking, but it’s most helpful when they point to specific facts or assumptions they believe are wrong. If there’s a particular point you’d like to discuss, I’m happy to hear it.
As a PN reader, you know that there has been a path open to higher through labor day including a replay of the 1929 blow-off. No, it doesn’t make it any easier to trade (or sit through while people make asses of themselves trying to get rich in a rather controlled kill zone) but that’s how things roll. Smart people can see what’s coming – and – and this is key – having a home youcan’t get kicked out of srweeally is one of the keys to remaining solvent and sane when the world is cracking up – more tomorrow in PN…
g
what are you talking about ? its easy mate . money always finds the best home . all i do is turn 2 my right and read the poem by rayard kipling “IF” i have it hanging full site . and you beleive any number they put out . surprises are always to the downside . but hey you and your mates think you got that sown up . so apple pie and stars and stripes pal
Great Kipling – thanks
Why dont you put Ure money where Ure mouth is?
..Buy July BITI Calls .
Full transparency – tbs went long BITI July 31 Calls @.45
Underlying trading at 29.26
BITI is a Short Bitcoin ETF
underlying, price, exp, entry pt – the rest of youse pretenders take note. BOGUS claims of “winning hands” is just that, Bogus.
You can see em now, cant ya ?
These Boots , het -https://youtu.be/dpOFNJOXMS4?
“having a home youcan’t get kicked out of srweeally is one of the keys to remaining solvent and sane when the world is cracking up”
Amen to that! My buddy back in the big city couldn’t retire early, even though he was vested for the pension. His wife wanted more, more, more. Condo was paid off, but she wanted more. He worked another five years to make the payments on the million dollar new digs she wanted. Now his pension payments disappear to pay for the new, luxury place. Then she wanted a European vacation… He’s a millionaire debt slave. They will be out on the street if the system collapses.
And they are exactly why it does!
You can’t fix stupid…
I’m looking at the housing numbers today and something just doesn’t seem to add up…. They’re reporting a 1.8% increase in “housing demand,” but the average wage in my area is still around $11–$18 an hour, and starter homes that used to cost $35,000 are now $350,000…. is there something im missing here..prices on everything has increased… At the same time, home loan approvals only moved about 0.06%. So demand is supposedly rising, but affordability isn’t — and almost nobody qualifies for a mortgage at present income levels ANF home costs..or am I missing something.. It makes me wonder if these positive percentages are being presented in a way that looks good on paper like how a car salesman presents your income and car affordability…, even though the real world situation for working people hasn’t improved at all.. Demand reported doesn’t necessarily mean people can afford to buy — In my way of thinking it just means people need housing. And right now, the need is rising while the ability to afford a home is collapsing….
love the desperates line about irrational markets and solvent . heres one i thought up . the market can remain irrational long enough for you to loose your sanity and common sense . you buy you do you tell em whate you like G . and ill do the same . no discussion
last one i mean it . im tired of yada . hey G remember when i shorted 3 sheetcoins at 121 k USD$? i closed one at 90k . still got 2 open . so please none of those genetic slurs about some old investor loser metality . why heck you should get interviewed by jimmy cramer
Legal Guide to Foreclosures and Evictions
https://www.rocketlawyer.com/real-estate/landlords/eviction/legal-guide/legal-guide-to-foreclosures-and-evictions
So happy to have a completely mobile re-locatable floating living pod. Neighbors getting you down? Pull up the hook, drop the mooring, untie the lines, and move. The only place you can’t take it with you is after they bury you at sea. It’s the dirt that causes most of the problems… the dusty illusion of safety and comfort.
Sadly, global land based systems have made half the wet part less safe, although the only risks there are just from being in proximity to those lands. Even twenty years ago sailing the Gulf of Aden or the Red Sea was sketchy, but mostly from humans that were not so friendly, rather than the geophysical risks, which you could use simple awareness to avoid. Now, the fast speedboat with the five guys and automatic weapons, no way. The Pacific is certainly big enough to provide peace of mind for a responsible voyager to live quietly and safely.
Just sayin’
Stiks
idk Dude, i got on X for about an hour tonight. everything on X and the news is so far away from my reality that i just cant relate to it much anymore.
like i shacked up with that red head chick. we are making more money than i think i have ever made in my life and our total bills are super low by compairison. i got home last night from work and i was standing in the kitchen and she walks in with this serious look on her face and says, why are you wearing pants mister. i guess we dont wear pants in the house any more. its like a new law or something. haha.
i could be learning to fly planes this time next year for all i know. ya never know what THE DUDE has planned next. someone asked me about retirement. did i have a plan. i said i have a pension and all that but i dont really know. i could be living on Mars in 10 years. i mean it could happen. i went and mowed my lawn one day and ended up in suva fiji working with robot submarines 2 weeks later. what do i know. i go where i go and do what i do.
my boss thanked me for being an honest man the other day. i said you dont have to thank me. being an honest man is who i am. he said well thanks anyway. i sure do appreicate you helping us all work so mucy. i said i am honest man because that is who i am. im a hard worker. i like working hard. i help others prosper. if we all prosper, we can help othere.
i said the rewards of living like that atleast for me is that i got to run seahawks security, hang out back stage with Rock Legends, drive ore trains and the largest tonka trucks in the world, play with Big Rigs, and robot submarines 4 miles deep in the ocean, go to tent revivals in Nadi Fiji and i get to sleep with a smoking hot red head that is 22 years younger than me every night.
i do buisness with God, Whome I call THE DUDE. And so far its paid out better than any slot machine jackpot, the stock market or bitcoin wet dream combined.
my life is so far away from all that shit everyone rants about daily.
so i deleted X and shut off the news. its lame at best by comparison to the reality of my life.
but it is good to see some old friends here. so i stop by one and a while. tell a few true stories. play a few tunes and chant my mantra.
lasagna and home made french bread for dinner tonight.
I Win with God within
Que: love me two times
https://youtu.be/MsP6EKAzEjI?is=-1rW7R18k_aGQm9N
The Doors
And you are always welcome here – keep coming by because there are not enough of us World Observers – who just watch and appreciate The DUDE and try eto figure out how the master paints it all… yeah trippy but wer’re all of rides and folks like us go in and out of Adventure Land all the time…
totally.
its like amatures built the ark under the direction of God.
professionals built the titanic under the direction of Share Holders and Banker Managment.
one ship survived a world cataclysm.
the other didnt make it accross the atlantic no matter how much hype it recieved from in the news.
I Win with God within.
The contract security vigilante gang stalkers are back. There are a couple of big box stores (and grocery stores) where in years past I have been stalked by security using vigilante false narratives, and the name of a parolee I am not related to, and don’t resemble. I had a security thug and a manager waiting to check my cart as I walked out yesterday. Their behavior, their faces, and the manager’s patter left no doubt I was the target.
The local police were waiting outside for me as I exited the store. The officer got excited and rolled up to the crosswalk too fast and had to stand his cruiser on it’s nose to keep from barreling through the crosswalk and running over me. He just sat there with an aw-shit ear-to-ear grin. I made sure he saw I was looking, then went on my way. In dealing with dispatched law, you never know what lies they have been fed by dispatch, and whether they will recognize you. The officer broke it off in time to avert a major criminal civil rights incident, but I didn’t want to invoke a fear reaction.
I have suspected that one or more of the local private security outfits has been paid to push the vigilante narrative against me, and has stirred up local brown shirt retailers. The wealthy head case who was trying to force sale of my property even bragged about approaching a bounty hunter in a neighborhood watch text exchange. The stalking by private security had slowed down some, but never went away. The incident in question yesterday happened at a retailer which has championed facial recognition in the past, and refuses to let me join their club, with no explanation. I am suspicious that putting my lawyers onto an incident of weaponized HIPAA records has some private security thugs, and maybe some officious types, trying to cover their tracks.
This country has two legal systems. One that you see on the evening news, and one that services wealthy psychopaths. The second system specializes in intimidation, covering up crimes by wannabe elites and business interests, and silencing victims, and it largely follows the model first established by the Texas Home Guard. The individuals who are involved in the first system don’t generally bother me, and act protectively, even if they won’t come clean with me. The individuals in that second system are mostly not government employees, and are far worse than any of their victims, who are mostly just ordinary folks going about their lawful business.
In this case, I want the contract security firm and the retailer sanctioned for retaliatory vigilantism, and their facial recognition system removed from service, because their database is being used for purposes other than legitimate security. And yeah, I’ll play hell getting any justice in this incident, but I have documented it publicly, even if officialdom would rather bury it, and claim it never happened, as they do with most all the incidents.