https://youtu.be/wxt6M3yBwGs?si=B5s4_HHBbdQQQG3p
There are many commentaries including this one, based on JP Morgan research, that show this time is NOT different - there are many disturbing parallels to 2007/8, and its the "lagging effects of FED interest rate policies" that are blindsiding many observers. The perception that retail households on 30yr fixed low rates are safe is a short term solution, but people get old, need to move for jobs or retirement etc, but the cost of new homes and mortgages is so high to discourage buying a new home or downsizing as needed, and has lead to a low housing stock available for sale.
Moreover, the housing construction industry is in crisis not dissimilar to Australia - inflation and wage pressure are making many builders unviable and bankruptcies are soaring .... the next 12months are going to get very ugly .... history doesn't necessarily repeat but it certainly rhymes .... different virus same outcome.
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Last
34.0¢ |
Change
0.020(6.25%) |
Mkt cap ! $2.312B |
Open | High | Low | Value | Volume |
32.0¢ | 34.0¢ | 32.0¢ | $18.95M | 56.93M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 1015223 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.335 |
11 | 450184 | 0.330 |
9 | 280485 | 0.325 |
30 | 1111692 | 0.320 |
13 | 709976 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 129604 | 8 |
0.345 | 490057 | 8 |
0.350 | 275487 | 7 |
0.355 | 532679 | 12 |
0.360 | 1014506 | 17 |
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