Housing Market

China's "Bubble Prophet" Sees Unprecedented Surge In Home Prices

"We’re living through a bubble. We’re kicking the can down the road by buying time not to keep things in check, but to blow the bubble into an even bigger one. What’s happened over the past two years has made any new reforms even more difficult to roll out."

Frontrunning: June 5

  • Saudis, U.A.E., Bahrain and Egypt Cut Ties With Qatar (WSJ)
  • Saudi-Led Alliance Cuts Ties With Qatar (BBG)
  • Saudi, Egypt lead Arab states cutting Qatar ties, Iran blames Trump (Reuters); Qatar asks citizens to leave UAE within 14 days: embassy (Reuters)
  • London Fortifies Bridges to Protect Pedestrians From Attack (BBG)
  • Bank at Center of U.S. Inquiry Projects Russian ‘Soft Power’ (NYT)

Will Millennials Ever Become A Generation Of Homeowners: BofA Has A Troubling Answer

"While young adults can generally afford housing, there are other constraints including the ability to make a large enough downpayment and tighter credit standards. Lifestyle changes are partly to blame.  These dynamics won't change in the medium-term which should translate to a lower equilibrium pace for single family housing starts."

Why Carson Block Sees "Real Problems With Canada"

"I was thinking, my God, didn’t we just go through this in the U.S.? ...The conditions seem to exist for there to be some pain inflicted on the markets... suggests that Canada is the hottest market in the world for short sellers..."