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Housing stocks face worst year since the financial crisis

By Patrick following x   2018 May 24, 9:07pm 315 views   1 comments   watch   sfw   quote     share    


https://www.cnbc.com/amp/2018/05/24/after-a-banner-2017-housing-stocks-face-worst-year-since-the-crisis.html

Housing stocks, among the top performers of 2017, are biting the dust.

Homebuilders as a group, measured by the U.S. home construction ETF ITB, has sunk over 12 percent this year; that places the group on pace for its worst year since 2008, when it lost 44 percent, and its first negative year since 2011. ...

The recent rise in interest rates has pushed mortgage rates to a seven-year high, and affordability is clearly becoming an in issue. Although shares of Lowe's soared 10 percent on Wednesday following the company's quarterly earnings, it missed Wall Street's forecasts for quarterly same-store sales. This could signal the market is slowing down.
1   PrivilegedtobeWhite   ignore (1)   2018 May 25, 6:46am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Writing all over the wall




The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


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