US Stock MarketDetailed Quotes
LTC LTC Properties Inc
- 34.420
- -0.270-0.78%
Close Dec 27 16:00 ET
- 34.420
- 0.0000.00%
Post 20:01 ET
1.56BMarket Cap14.77P/E (TTM)
34.900High34.270Low230.61KVolume34.600Open34.690Pre Close7.95MTurnover0.52%Turnover Ratio15.94P/E (Static)45.26MShares39.47752wk High1.64P/B1.53BFloat Cap28.52452wk Low2.28Dividend TTM44.32MShs Float39.477Historical High6.62%Div YieldTTM1.82%Amplitude0.716Historical Low34.456Avg Price1Lot Size
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LTC Properties Inc Stock Forum
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How can mortgage demand be down even as rates are down 130+ basis points from their recent highs?
The answer to this question is that the effective outstanding mortgage rate is 3.7%.
90% of borrowers currently have interest rates below 5%.
Even if mortgage rates fell to 5%, the vast majority of borrowers would still have a financial disincentive to sell.
Particularly as investors accounted for many of the...
- That’s a jump from the 4% annual increase in September and marks the strongest annual gain seen in 2023.
- Among the top 20 cities, Detroit reported the largest year-over-year gain in home prices at 8.1% in October.
Home prices rose 4.8% nationally in October com...
Properties are selling for less than half of what they were worth just 5 years ago.
A downtown Los Angeles office building that sold for $92.5 million in 2018 just sold for $44.7 million.
2 days ago, the Aon Center, Los Angeles' third largest building, sold for 45% less than its last purchase price in 2014.
All as real estate giants like WeWork file bankruptcy and flood the market with supply.
The strength of housing continues to mask the weakness...
The median asking rent price fell 2.1% year-over-year just after breaking above $2,000/month.
Meanwhile, housing starts skyrocketed by 14.8% in November to their highest level since May 2022.
These numbers have yet to account for the 100+ basis point drop in interest rates from their peak.
The "Fed pivot" is spreading into housing.
$Dow Jones Industrial Average (.DJI.US)$ $Zillow-C (Z.US)$ $LTC Properties Inc (LTC.US)$ $Macerich Co (MAC.US)$
In October, US pending home sales fell 1.5% putting sales down 6.6% over the last year.
This also marks the 23rd STRAIGHT decline in US pending home sales.
To put this in perspective, pending home sales are more than 10% BELOW what they were in 2010.
They are also ~3% below the pandemic low when the global economy was in a lockdown.
All as mortgage demand is at its lowest levels since 1994.
The housing market is coming to a complete halt...
This means that even on an inflation adjusted basis, home prices have never been more expensive.
Meanwhile, housing supply is 40% below the historical average.
All while mortgage demand is at its lowest since 1994 and the median homebuyer now has a $3000/mo payment.
Truly historic times.
$S&P 500 Index (.SPX.US)$ $ARMOUR Residential REIT Inc (ARR.US)$ $LTC Properties Inc (LTC.US)$
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