US OptionsDetailed Quotes
LTC250117P50000
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15min DelayTrading Dec 23 09:30 ET
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0.00Open0.00Pre Close0 Volume0 Open Interest50.00Strike Price0.00Turnover0.00%IV-44.57%PremiumJan 17, 2025Expiry Date15.41Intrinsic Value100Multiplier25DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma2.21Leverage Ratio--Theta--Rho--Eff Leverage--Vega
LTC Properties Inc Stock Discussion
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$LTC Properties Inc (LTC.US)$
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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.
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