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SeattleRain @lemmy.world
Posts 302
Comments 535
www.calculatedriskblog.com New Home Sales Decrease to 617,000 Annual Rate in June

The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 617 thousand. The previous three mon...

New Home Sales Decrease to 617,000 Annual Rate in June
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Home builders now have 102,000 completed, unsold homes sitting on their builder lots. This is the highest level since 2009

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Multifamily Distress Could Head for 'Real Estate Armageddon'

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Free and anonymous online notepad link that you can share & customize!

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Tenannts abusing m'lord's kindness again.

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Here Comes the Inventory of Vacant Homes: With Buyers on Strike despite Lower Mortgage Rates, Supply Spikes to Highest in 4 Years. Sales Drop Further except at High End | Wolf Street

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finance.yahoo.com Florida condo owners face unretiring or selling homes after being hit with $100,000 in special assessment fees

“We don’t have hundreds of thousands of dollars set aside,” says retired teacher.

Florida condo owners face unretiring or selling homes after being hit with $100,000 in special assessment fees
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Priced Out

www.nbcnews.com Beset with ‘doomism,’ some Gen Z children of immigrants are giving up on the American dream

The cost of health care and rent, along with a chaotic political system, has these children of immigrants leaving the American dream behind to live elsewhere.

Beset with ‘doomism,’ some Gen Z children of immigrants are giving up on the American dream

cross-posted from: https://lemmy.world/post/17854947

> The American dream is over: Why some first-generation Gen Zers are moving abroad

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www.cnbc.com June home sales slump, pointing to a buyer's market as supply increases

The median price of an existing home sold in June was $426,900, an increase of 4.1% year over year

June home sales slump, pointing to a buyer's market as supply increases
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Gawd, it's brutal out here.

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www.realtor.com All-Cash Offers From Big Investors Recede, Giving Mom and Pops an Edge in the Housing Market

The share of investors purchasing in cash in the first quarter of 2024 was the lowest it's been since 2008, falling to 64%. Here's why.

All-Cash Offers From Big Investors Recede, Giving Mom and Pops an Edge in the Housing Market
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www.housingwire.com Texas housing inventory jumps 40%, but prices stay flat - HousingWire

While available homes for sale are growing all over the country, it’s happening at a dramatic scale in Texas, according to state Realtors.

Texas housing inventory jumps 40%, but prices stay flat - HousingWire
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A lot of Boomers about to find out the real cost of their home valuations.

dailyyonder.com Closing of Rural Hospitals Leaves Towns With Unhealthy Real Estate | The Daily Yonder

This story was originally published by KFF Health News. In March 2021, this town of about 2,000 residents in the hills of east Tennessee lost its

Closing of Rural Hospitals Leaves Towns With Unhealthy Real Estate | The Daily Yonder

cross-posted from: https://slrpnk.net/post/11674270

> Closing of Rural Hospitals Leaves Towns With Unhealthy Real Estate

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apnews.com Self-professed 'Wolf of Airbnb' sentenced to over 4 years in prison for defrauding landlords

A Florida man who boasted that he was the “Wolf of Airbnb” has been sentenced to over four years in prison after defrauding New York City landlords.

Self-professed 'Wolf of Airbnb' sentenced to over 4 years in prison for defrauding landlords
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phoenixagentmagazine.com Multifamily permits decline around U.S. but increase in Phoenix - Phoenix Agent Magazine

Builders in Phoenix were issued one of the highest number of multifamily permits in the country last year.

Multifamily permits decline around U.S. but increase in Phoenix - Phoenix Agent Magazine
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These are the people that can foreclose on you for parking on the curb.
  • I'm not implying, I'm proving they are. Does that mean they all are? No. But it does mean that they are so unaccountable that they're welcomed in. Yes.

    The guys stocking the shelves at Wal-Mart is more thoroughly vetted than the people that can kick you out on the street for an over grown lawn.

    I hope you're not intentionally missing MY point. Pro tip: you are.

  • Kamala Harris Launches Presidential Bid: ‘My Intention Is to Earn and Win This Nomination’
  • Or, you know, the Dem party could field an actual progressive with real bona fides. Hey how'd we wind up with ancient ass Biden to begin with. Oh yeah that's right, from libs like you insisting that we HAD to vote for him otherwise Trump would win. Libs never change.

  • Kamala Harris Launches Presidential Bid: ‘My Intention Is to Earn and Win This Nomination’
  • You just accused me of not criticizing Trump then when I do I'm both sidesing it.

    Bro this type of moral brow beating is not going to work when it comes to chattel slavery or genocide not matter how furiously you and your Reddit refugee friends masturbate each other about it.

    It didn't work in 2016 when the issues weren't nearly as contentious and it won't work now. If Trump wins it will be libs like you's fault.

    But go ahead and keep scoring pretend internet points by attacking anyone that criticizing Harris' obvious shortcomings as Trump shills.

  • The unhoused are bad for real estate values.
  • I sympathize with your view. We can I understand that their situation is a result of conscious policies and not their own moral failings while also expressing frustration at the heavy imposition their neglect imposes on families and neighbors that also had nothing to do with their situation.

    Liberals love to mythologize the unhoused suffering as some noble burden to deflect from the gross injustice that it is.

  • you can set your watch to it
  • It's not a stretch to call prison labor chattel slavery. It's the literal definition, the buying and selling of forced labor. Just because it's temporary and isn't obsessively racist doesn't not make it chattel slavery.

  • Landchads win again.

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    finance.yahoo.com Housing Market 2024: Home Prices Are Plummeting in 10 Formerly Overpriced Housing Markets

    Measured against the normal metrics, the U.S. is in the middle of a fluctuating housing market right now. Existing-home sales in 2023 fell 19% from the prior year to their lowest level in nearly three...

    Housing Market 2024: Home Prices Are Plummeting in 10 Formerly Overpriced Housing Markets
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    Half of large U.S. banks are failing on operational risk, secret report finds

    https://fortune.com/2024/07/21/bank-operational-risk-occ-report/

    A key U.S. regulator has privately found half of the major banks it oversees have an inadequate grasp of a broad swath of potential risks from cyber attacks to employee blunders, according to people familiar with the matter.

    In the confidential assessments, the Office of the Comptroller of the Currency said 11 of the 22 large banks it supervises have “insufficient” or “weak” management of so-called operational risk, said the people, who asked not to be identified because the information isn’t public.

    That contributed to about one-third of the banks rating three or worse on a five-point scale for their overall management, the people said. The scores are the latest sign that U.S. regulators are concerned about the level of risk at the country’s largest banks in wake of a series of failures last year.

    Operational risk is one of the categories by which regulators evaluate overall risk at the banks they oversee. Each bank’s individual ratings are closely held, but regulators sometimes use aggregate data on banks’ grades to highlight areas of concern in discussions with other agencies and the industry.

    At the OCC, the operational-risk assessment feeds into a report card known as CAMELS ratings, grading firms on a one-to-five scale for each component — capital adequacy, asset quality, management, earnings, liquidity and sensitivity to market risk. Those grades create an overall rating that determines the degree of scrutiny or leeway a firm faces, including the activities it can engage in and how much capital it has to hold.

    The OCC didn’t comment specifically on the nonpublic findings. In a statement, the regulator said that Acting Comptroller Michael Hsu has “consistently discussed the need for banks to guard against complacency and actively manage their risks in order to build and maintain trust in the federal banking system.”

    Operational risk is meant to cover a range of potential threats to banks beyond loans going bad or market swings causing losses. That can include anything from employee mistakes and legal troubles to natural disasters and technology snafus. Banks have to show regulators plans for managing such risks, and they have to hold capital against those threats, a requirement that’s long been debated because they’re harder to measure than credit or market risks.

    The harsh grades are part of sweeping regulatory scrutiny in the wake of the record-setting bank failures last year, after which regulators vowed to do more to identify and act on problems. The OCC’s large bank portfolio ranges from regional lenders with at least $50 billion in assets to the megabanks with trillions.

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    These are the people that can foreclose on you for parking on the curb.

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    The unhoused are bad for real estate values.

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    Blackstone has filed to foreclose on the 33-story McGraw-Hill skyscraper in the Hell's Kitchen neighborhood of Manhattan

    The debt was originally financed by Signature Bank

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