Extreme Overvalued Beliefs

Affordability Sinks to Lowest Point in Over Three Decades, According to First American Real House Price Index

Retrieved on: 
Monday, September 25, 2023

“In July 2023, the Real House Price Index (RHPI) jumped up by nearly 17 percent on an annual basis, bringing housing affordability to the lowest point in over three decades.

Key Points: 
  • “In July 2023, the Real House Price Index (RHPI) jumped up by nearly 17 percent on an annual basis, bringing housing affordability to the lowest point in over three decades.
  • If housing is appropriately valued, house-buying power should equal or outpace the median sale price of a home,” said Fleming.
  • First American Data & Analytics preliminary nominal house price index indicates that house price appreciation likely continued in August.
  • The next release of the First American Real House Price Index will take place the week of October 30, 2023 for July 2023 data.

Study: Home Prices are Re-Accelerating, But for How Long?

Retrieved on: 
Thursday, September 7, 2023

In Atlanta, the premium a buyer paid for the typical home increased to 47.06 percent.

Key Points: 
  • In Atlanta, the premium a buyer paid for the typical home increased to 47.06 percent.
  • “We are concerned that prices are once again rising and creating a greater gap between average prices and the long-term trend in housing prices as buyers are faced with rising mortgage rates and price growth on both sides,” said Ken H. Johnson , Ph.D., real estate economist with FAU’s College of Business .
  • Three of the top 10 hottest markets saw premiums decline slightly, suggesting that some areas in the country might be seeing a price slowdown.
  • “Typically, low and falling price-to-rent ratios imply that prices will increase,” Beracha said.

CFOs Raise Their Outlook for North America's Economy and Test the Waters With GenAI on a Budget: Deloitte CFO Signals™ Survey 3Q 2023

Retrieved on: 
Tuesday, September 12, 2023

Each quarter, CFO Signals™ tracks the thinking and actions of leading CFOs representing North America's largest and most influential companies.

Key Points: 
  • Each quarter, CFO Signals™ tracks the thinking and actions of leading CFOs representing North America's largest and most influential companies.
  • Since 2010, the survey has provided key insights into the business environment, company priorities and expectations, finance priorities, and CFOs' priorities.
  • The CFO Signals survey for the third quarter of 2023 was conducted between July 31, 2023, and August 20, 2023.
  • For more information about Deloitte CFO Signals or to inquire about participating in the survey, please contact [email protected] .

Study: South Florida Housing Market Grows More Overvalued as National Market Stabilizes

Retrieved on: 
Tuesday, August 1, 2023

“South Florida home prices have started to increase over the past few months.

Key Points: 
  • “South Florida home prices have started to increase over the past few months.
  • Housing prices in Florida are being bracketed by two market forces keeping them stable.
  • The initiative releases monthly data looking at rents , housing prices, and whether the market favors buying or renting, to provide a dynamic look at today’s housing market for the average consumer.
  • Beracha and Johnson both agree that the prospect of a significant crash in prices is unlikely and that this housing market cycle will become known for its prolonged period of unaffordable housing.

TD DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Toronto-Dominion Bank and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, July 20, 2023

Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Click here to participate in the action.
  • During the Class Period, Defendants materially misled the investing public, thereby inflating the price of First Horizon securities, by publicly issuing false and/or misleading statements and/or omitting to disclose material facts necessary to make Defendants’ statements, as set forth herein, not false and/or misleading.
  • There is no cost or obligation to you.

TD ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Toronto-Dominion Bank and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, July 17, 2023

Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Click here to participate in the action.
  • During the Class Period, Defendants materially misled the investing public, thereby inflating the price of First Horizon securities, by publicly issuing false and/or misleading statements and/or omitting to disclose material facts necessary to make Defendants’ statements, as set forth herein, not false and/or misleading.
  • There is no cost or obligation to you.

TD ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Toronto-Dominion Bank and Encourages Investors to Contact the Firm

Retrieved on: 
Tuesday, July 11, 2023

Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Click here to participate in the action.
  • During the Class Period, Defendants materially misled the investing public, thereby inflating the price of First Horizon securities, by publicly issuing false and/or misleading statements and/or omitting to disclose material facts necessary to make Defendants’ statements, as set forth herein, not false and/or misleading.
  • There is no cost or obligation to you.

TD ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Toronto-Dominion Bank and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, July 6, 2023

Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Click here to participate in the action.
  • During the Class Period, Defendants materially misled the investing public, thereby inflating the price of First Horizon securities, by publicly issuing false and/or misleading statements and/or omitting to disclose material facts necessary to make Defendants’ statements, as set forth herein, not false and/or misleading.
  • There is no cost or obligation to you.

Study: Homebuyers Facing Overvalued Markets Despite Prices Moderating

Retrieved on: 
Wednesday, July 5, 2023

“Prices are still moderating in the majority of the country, especially east of the Mississippi,” noted Ken H. Johnson , Ph.D., real estate economist at FAU’s College of Business .

Key Points: 
  • “Prices are still moderating in the majority of the country, especially east of the Mississippi,” noted Ken H. Johnson , Ph.D., real estate economist at FAU’s College of Business .
  • But, once you go west, you see some price declines.”
    Despite the beginning stages of a moderation in housing prices, markets throughout the country remain significantly overvalued compared to their long-term pricing trends.
  • The initiative releases three monthly indices looking at rent prices , housing prices and whether market conditions favor buying or renting .
  • Some markets, like those on the East Coast and in Sun Belt states, are remaining overvalued because of their price-to-rent ratios.

TD ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Toronto-Dominion Bank and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, July 1, 2023

Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until July 21, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Click here to participate in the action.
  • During the Class Period, Defendants materially misled the investing public, thereby inflating the price of First Horizon securities, by publicly issuing false and/or misleading statements and/or omitting to disclose material facts necessary to make Defendants’ statements, as set forth herein, not false and/or misleading.
  • There is no cost or obligation to you.