During the past several years, there has been a plethora of articles, blog commentaries and books written with warnings about the Great Reset and the World Economic Forum’s (WEF) founding chairman Klaus Schwab.
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HOMEBUILDERS SELL DISCOUNTED SUBDIVISIONS TO PRIVATE EQUITY INVESTORS
It’s not just retailers discounting their merchandise these days.
INVESTORS SCALE BACK ON BUYING HOMES: WHAT TO EXPECT
Private equity funds poured billions of dollars into the housing market since the COVID era began, buying up tens of thousands of single-family homes in a trend we documented in articles such as “Rents Soar as Investors Buy Properties and Raise Rates” (14 Sep 2021) and “Homes Sales Up as Money Gang Gobbles Up Houses” (23 Nov 2021).
SPOTLIGHT: BIGS GETTING BIGGER
Chicago-based VillageMD, an affiliate of Walgreens Boots Alliance, the drug chain’s British division, is buying Summit Health, a chain of 340 urgent and primary care clinics in the U.S. northeast and Oregon.
HOME PRICES, SALES FALL AS INTEREST RATES RISE
Sales of existing homes slipped 0.4 percent in August from July and fell 19.9 percent below August 2021, making it the slowest sales month since May 2020 when the housing market froze at the onset of the COVID panic. Aside from that blip, August was the worst sales month for existing home sales since November...
THE REAL ESTATE SLUMP
In July, home prices slipped from their peaks in almost 85 percent of major U.S. real estate markets, with a third showing declines of 1 percent or more and one in ten posting a slide of at least 4 percent, according to Black Knight Data & Analytics, a real estate services firm. July’s slump followed...
LIZ TRUSS, A MAJOR WAR HAWK IS U.K.’S NEW PRIME MINISTER
Former U.K. Foreign Secretary Liz Truss, who became the country’s prime minister last week, has pledged to continue to keep ramping up the Ukraine War and fight for Russia’s defeat with the same energy as her scandal-plagued predecessor Boris Johnson. The Conservative Party said Truss defeated her top challenger, Rishi Sunak, the former Treasury head,...
U.S. HOUSING MARKET BUST?
In July, U.S. home sales fell to 4.81 million units, 6 percent less than June’s level and 20 percent below that in July 2020 to set the slowest pace since November 2015, except for the early days of the COVID infestation, the National Association of Realtors (NAR) reported. Sales of homes priced below $250,000 were...
MEDIAN HOME SALE PRICE RISES UP DESPITE SLOW DOWN
The median selling price of a U.S. home in this year’s second quarter jumped 14.2 percent, year over year, to $413,500, according to the National Association of Realtors (NAR). The median price was higher in 184 of the 185 metro areas the NAR monitors. Prices slipped 0.7 percent in Trenton, N.J. In 80 percent of...
PRODUCING NEW ENEMIES FOR NO REASON WHATSOEVER
Why did Nancy Pelosi go to Taiwan? By Philip Giraldi A good friend of mine, learning of the impending visit of Speaker of the House of Representatives Nancy Pelosi to Taiwan, recalled Homer’s description of Helen of Troy, “The face that launched a thousand ships and burnt the towers of Ilium.” Well, Nancy ain’t no...