According to The Kobeissi Letter, 41.8% of US homeowners seeking to refinance their mortgages have been rejected, marking the highest rejection rate in over 12 years. This figure has quadrupled since October 2023, as reported by the NY Fed. The surge in rejections indicates tightening credit conditions, which could impact consumer spending and the housing market.

According to The Kobeissi Letter, new home prices in China have decreased by -5.2% year-over-year in February, marking the 20th consecutive monthly decline. This surpasses the 13-month decline streak seen during the 2015 housing market slowdown. Additionally, existing home prices have fallen by -7.5%, indicating a significant downturn in the real estate market.

According to The Kobeissi Letter, the combined value of US homes surged by $2.5 trillion in 2024, reaching a near-record $49.7 trillion. Since 2012, the total value of homes has increased by 150%. Millennials' homeownership value rose 19% year-over-year to $9.7 trillion, accounting for approximately 20% of the housing market.

According to @KobeissiLetter, the median home price in Washington DC has decreased to $552,500, a level not seen since January 2020 when it was $550,000. This suggests a potential opportunity for real estate investors to enter the market as prices have reached a significant low. Follow @KobeissiLetter for monthly updates on housing market trends.

According to The Kobeissi Letter, the Washington, DC housing market has seen a significant increase in supply with 2,179 homes listed in February. Since October 2024, a total of 11,940 homes have been listed, which could impact housing prices and investment opportunities in the area. This trend suggests a potential buyers' market, as increased supply might lead to price stabilization or decrease.

According to Jeff Dean, the concerns about fire risks from constructing more mid-rise buildings in Palo Alto are unfounded and exaggerated. Dean, a resident of the area, argues that restrictions on building heights stifle necessary urban development. He suggests that increasing the number of five to seven-story buildings is essential for accommodating housing demands. This perspective highlights the ongoing debate about urban planning and its impact on housing availability, which is crucial for investors monitoring real estate and related markets (source: Jeff Dean's Tweet).

According to The Kobeissi Letter, US all-cash home purchases declined by 60,469 in 2024, reaching 700,445, which is the lowest level in at least a decade. Despite this decline, the share of all-cash home purchases remained relatively high at 33%, indicating that while the number of transactions decreased, the proportion of cash transactions compared to total home purchases is still significant. This trend could impact real estate market liquidity and influence investment strategies in the housing sector.

According to The Kobeissi Letter, there are currently nine times more new homes available for sale than the average number sold per month, marking the highest discrepancy since 2022. This implies a significant imbalance in the housing market, as it would take approximately nine months to sell the existing inventory at the current sales pace. Such a surplus could potentially affect housing prices and market dynamics, making it a crucial factor for real estate investors to monitor.

According to The Kobeissi Letter, the Washington, DC economy is experiencing disruptions attributed to DOGE, with falling home prices and rising unemployment rates. The tweet highlights the regular updating of housing market data monthly and the release of new jobless claims data every Thursday, suggesting the potential for regular updates to provide insights into the economic impact of cryptocurrency fluctuations.

According to The Kobeissi Letter, the Washington DC housing market has seen a significant increase in home inventory, reportedly growing by 35.8% year-over-year in January 2025. This surge is attributed to job cuts in the DOGE sector. For context, the inventory growth was 23.8% during the financial crisis in May 2008, illustrating the current market's exceptional conditions. Such an increase in supply could lead to price adjustments, affecting trading strategies in the real estate market as investors reassess the impact of cryptocurrency sector layoffs on property values.

According to @KobeissiLetter, since discussions about mass layoffs at DOGE began, the median home price in Washington DC has decreased by $139,000. This significant drop coincides with nearly 4,000 new home listings in the area over 30 days, highlighting potential market volatility linked with DOGE's employment strategies.

According to @KobeissiLetter, the announcement of mass layoffs by DOGE has coincided with a significant drop in the median home price in Washington DC, which decreased by $139,000. Additionally, there has been a surge in property listings, with nearly 4,000 homes listed for sale in the area within 30 days. This reflects a potential correlation between the company's employment decisions and local real estate market dynamics.

According to The Kobeissi Letter, there are approximately 15,000 homes for sale around Washington, DC, with Zillow grouping as many as 280 homes together in the downtown area, indicating an unprecedented level of selling activity in what is typically considered a strong housing market (source: The Kobeissi Letter). This surge in listings could influence real estate trading strategies and market sentiment.

According to The Kobeissi Letter, the median home price in the Washington, DC area has decreased from approximately $699,000 in November 2024 to $560,000 today, reflecting a 20% drop in about three months. This drastic fall indicates a potential oversupply or reduced demand in the housing market, which could affect trading decisions in related real estate investment trusts (REITs) or housing-linked financial instruments.

According to Edward Dowd, the AI and housing markets are experiencing instability, which will become noticeable by the end of Q1 2025. He also predicts that inflation will cease to be a significant issue by the fall of 2025. This could have implications for trading strategies in technology and real estate sectors, as well as currency markets affected by inflation trends.