Thehousingbubbleblog.

Posted Jul 27, 2022, 8:12AM EDT. In today's Big Story podcast, house sales are falling, prices are dropping, and some investors are hurrying to get out. At the centre of the soon-to-burst housing bubble (for real this time), is the Bank of Canada's hiking interest rate, currently sitting at 2.5 per cent. What we do know, is that it will ...September 8, 2023. Ben Jones. Uncategorized. It's Friday desk clearing time for this blogger. "Austin, Phoenix and San Jose have seen home prices fall since the beginning of the year, but those markets were already among the most expensive in the nation. But now price declines….As of February, the monthly payment for the median-price single-family home sold in King County at current mortgage rates was $3,945. The good news: This is down from an eye-watering $4,758 in October. The bad news: This is up dramatically from just a year prior, and 59% higher than what we saw at the peak of the previous housing bubble. …U.S. home prices shows signs of becoming “unhinged from fundamentals” like they did in the housing bubble that preceded the 2008 crash, according to a blog post by the Dallas Federal Reserve ...

The Rocky Mountain News has this update from Denver. "More than 9,500 real estate foreclosures have been filed in the Denver area in the first half of the year, about 34 percent more than in the first six months of 2005. It's on pace to be the worst year ever in terms of the number of foreclosures, topping 17,122 in 1988, though the area ...Post your weekend topic suggestions here! Also, don’t forget to email digital housing bubble photos to: [email protected]

But in 2001, the NSDCC median sales price was $570,000 and ez-qual mortgages were everywhere. This year, the MSP is $2,180,000 and getting a mortgage is miracle work. I was hoping for 300+ NSDCC sales in 4Q2023, but now I think the count will be closer to 200 sales.First, there is this odd narrative that housing continues to excel and thrive in the current market. "Inventory is low therefore the market is hot" or "7% interest rates can't stop the equity train baby!". This seems to be the mentality at this point. But the reality is, $2.3 trillion in housing wealth was wiped out in 2022, the most ...

... thehousingbubbleblog.com/?p=372 http://go.jinbo.net/commune/view.php?board=designFEMI-13&id=197 http://www.estacadayouthsoccer.com/getpdf.php?id=10 http ...The Housing Bubble Blog - Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole. Description: N/A Keywords: N/A Server Information. WebSite: www.housingbubble.blog Host IP: 70.35.112.93 ...Goldman Sachs and Wells Fargo have both recently made forecasts for the US housing market in 2023, and their predictions suggest a decline in home prices. Goldman Sachs is forecasting a more significant drop, with a projected decline of 7.6% from the peak, while Wells Fargo predicts a more modest decrease of 5.5%.Buying owner-occupied real estate in Zurich now costs over 50% more than a decade ago in nominal terms. An increasing number of high-income earners and ultra-low interest rates supported rising prices. The price level has not yet adapted to increased financing costs. The market is in the bubble risk zone. Housing prices in Miami continued to ...The Voice of San Diego has this update on that housing bubble. “Home buyers in San Diego had 19,238 homes to choose from yesterday. And for a brief time over the weekend, San Diego had more homes listed for sale than ever before.

A report from CNN Money.. "Home Depot on Tuesday revealed it experienced a record number of transactions in the last three months. On average, shoppers spent more than at any point since 2006 and sales at stores open for a year or more jumped 6%.

The Housing Bubble Blog. Search Submit. Ben Jones. This author has written 2725 articles. Home Ben Jones. Of Course, I Feel Sad — I Got Nothing From All Of This. September 19, 2023; Ben Jones; Uncategorized; A report from the Motley Fool. "When my friend Jane (not her real name) and her husband set out to buy a home five years ago, they weren ...

Here's a weekend challenge for you bloggers. We need your digital housing bubble pictures for the new slideshow! You know, the shots of a forest of for-sale signs, or how about that dark and empty condo tower in Florida, or even the cranes?The Housing Bubble Blog. Search Submit. Blog Home Uncategorized The 2023 Housing Market Is Going Through Turmoil! The 2023 Housing Market Is Going Through Turmoil! April 7, 2023; Ben Jones; Uncategorized; Austin Colorado Springs Columbia Flint Housing bubble Huntsville Las Vegas Markham Nashville new construction Ogden Phoenix Port St Lucie ...The Housing Bubble Blog. The Housing Bubble Blog Posted By: Ben Jones @ 6:48 am Comments (13) September 17, 2018 A report from the Ballina Advocate in Australia... Never miss Thehousingbubbleblog.com updates: Start reading the news feed of The Housing Bubble Blog right away! This site's feed is stale or rarely updated (or it might be broken ...May 25, 2005 · Spanish Mortgage Debt Up 25% In One Year. In Spain, the RE boom has pushed the country to the brink. "Household debt in Spain surpassed disposable income for the first time last year, posing risks for the stability of the financial system, the Bank of Spain said Monday." "The increase in indebtedness of Spanish households is largely the result ... The Housing Bubble Blog. Search Submit. Blog Home Uncategorized A Wide Swath Of Once-High-Flyers Are Looking More Like The Walking Near-Dead. A Wide Swath Of Once-High-Flyers Are Looking More Like The Walking Near-Dead. May 21, 2023; Ben Jones; Uncategorized; A report from the Marin Independent Journal in California. "The median price for a ...Spanish Mortgage Debt Up 25% In One Year. In Spain, the RE boom has pushed the country to the brink. "Household debt in Spain surpassed disposable income for the first time last year, posing risks for the stability of the financial system, the Bank of Spain said Monday." "The increase in indebtedness of Spanish households is largely the result ...

The Housing Bubble Blog. Search Submit. Blog Home Uncategorized They Lost Their Shirts And They Don't Have A Shovel In The Ground. They Lost Their Shirts And They Don't Have A Shovel In The Ground. November 17, 2022; Ben Jones; Uncategorized; A report from the Wood County Monitor in Texas. "A zoning change requested by developer Peter ...The U.S. is currently in one of our biggest housing bubbles in recent history. The term “housing bubble” is used to describe the housing market when it has been inflated to the point of bursting due to a combination of factors, like low supply coupled with high demand, low interest rates, and climbing bidding wars.Some housing bubble news from Wall Street and Washington. Reuters, "Standard & Poor's on Friday changed its rating outlook on Bear Stearns Cos. to negative from stable, indicating a greater chance of a downgrade over the next two years, as it warned of problems that could hurt the firm's performance 'for an extended period.' 'Bear Stearns has material exposure to holdings of ...New listings are now quite robust and inventory growth has picked up. A very early June read indicates sales remain tepid. Ben Rabidoux has suggested that we are seeing similar behaviour to 2012, another year that was fronted with regulatory changes affecting housing demand.From the NY Post: US office real estate prices headed for 'severe crash,' investors say. The commercial real estate market is headed for a severe collapse due in large part to sky-high interest rates and declining property values, according to a survey of investors.. Around two-thirds of those who responded to a Bloomberg News survey said they believe that the commercial real estate market ...Feb 21, 2023. In this video Abbotsford realtor Conor Kelly goes over why the default cycle may only be JUST beginning. Recently a large Vancouver developer Coromandel properties has filed for creditor protection (bankruptcy) as they cannot afford to carry their $700m debt any longer.The Wall Street Journal * POLITICS * JUNE 23, 2010. Confidence Waning in Obama, U.S. Outlook. By PETER WALLSTEN And ELIZA GRAY. Americans are more pessimistic about the state of the country and less confident in President Barack Obama's leadership than at any point since Mr. Obama entered the White House, according to a new Wall Street Journal/NBC News poll.

The Housing Bubble Blog. Search Submit. Blog Home Uncategorized This Will End A Strange 7-8 Year Experiment. This Will End A Strange 7-8 Year Experiment. March 26, 2022; Ben Jones; Uncategorized; A report from CBS News. "The average mortgage rate jumped to 4.42% for the week ended March 24, according to Freddie Mac. That's a more than a one ...

Readers suggested a topic on the housing bubble hustle. "Just heard an ad on the radio for a national mortgage lender. The fellow said something to the effect of 'as prices go up, interest rates are sure to follow!'The Voice of San Diego has this update on that housing bubble. “Home buyers in San Diego had 19,238 homes to choose from yesterday. And for a brief time over the weekend, San Diego had more homes listed for sale than ever before.Absolutely. A bubble is defined by speculation and prices not reflecting the underlying fundamental value of multiple things in the economy. Currently, housing prices have no fundamental basis for what they are selling for. Â Update from 2007: Â Well the bubble burst and in many areas of the country prices are now back to more reasonable ...The housing market in Sydney has remained outside bubble risk territory since a cooldown in 2018 and 2019. Prices dropped by more than 5% during the second quarter of 2022. Rising residential ...Absolutely. A bubble is defined by speculation and prices not reflecting the underlying fundamental value of multiple things in the economy. Currently, housing prices have no fundamental basis for what they are selling for. Â Update from 2007: Â Well the bubble burst and in many areas of the country prices are now back to more reasonable ...As the 13th season of “MTV Cribs” aired in 2006, the housing market had already hit the first two criteria and, unknown to the public, was barreling towards the third. Now let’s fast-forward ...A housing bubble is a period marked by an unusual spike in housing prices fueled by high demand and low supply, speculation by investors and exuberant spending. These bubbles are caused by a ...Let's focus specifically on single-family or one- to four-family "townhome/duplex" housing. Some important factors at play here may allow for further price increases before the party ends. Housing demographics. The biggest component is demographics. According to U.N. population data, in 2020, the largest age group in the U.S. was 25-29 ...

r/HousingBubble: A community for discussing the economics and psychology of the current US housing bubble.

From the first 5:13 video: February 2023 Austin Texas Real Estate Market Update Mason Bleasdell – Austin, Texas Area Realtor Premiered Mar 18, 2023

“Many, like the Harbor Lofts, got put on the list because of construction defect litigation between the owners and the builder. In February, residents of 6,102 condos at Laguna Woods Village learned their homes were added to the list because their HOA’s insurance is insufficient. ‘You’re essentially blacklisting the (condo) community, and that …Here on the Housing Bubble Blog, we get no shortage of statistics, observations, and calculations regarding the real estate market. But what we don't see in these statistics is the numbers being created by investors who buy properties en masse in the most severely depressed areas.The content on Dr. Housing Bubble Blog is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.Don't buy in this market if you'll have to sell within 1 year. 2. You worked hard to save up all that money. Be sure you can close if the appraisals come in too low. Don't get caught up in the hype. 3. If this is the bottom of the market and prices will only go up and you'll be able to close the deal and make a ton of profit then ...This news is an indication that these twelve markets are in a real estate bubble that can burst any time. 26 markets were considered overvalued and only seven were undervalued. In the top 100 markets, 40 were overvalued, while 32 were at value and 28 were undervalued. Nationwide increased 6.9% from a year ago and 1.2% compared to March.Despite record vacancy and inventory levels, the developers continue to add to insanity. The Sun-Sentinel reports, "Housing slump.Burst bubble. Real estate decline.Many Investors Now Panicking Under Financial Strain. A report from the Ballina Advocate in Australia. "Australia is facing a 'debt crisis' - and the property market and our entire economy are at risk as a result. That's according to the sobering 60 Minutes segment Bricks and Slaughter which aired last night, revealing the country's ...The housing bubble, or a real estate bubble, is fueled by a spurt in demand and the inability of the market to meet the demand. Interestingly, the real estate supply cannot be increased in a day or two. If the price rise is due to speculations or investors pouring money in, this will not be sustainable, and the real estate bubble will burst.The Housing Bubble Blog. Search Submit. Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole. Buyers Now Understood There Was Little Room To Play The Residential Property Market As An Investment. September 29, 2023; Ben Jones;A housing bubble is a sharp price increase in the real estate market as a result of a sudden, temporary surge in demand caused by external factors. According to Logan Mohtashami, lead analyst at ...After two plus years of the pandemic and seemingly nonstop tumult, it may feel like there's never been a worse time than 2022 to make a big purchase. Inflation's on the rise, for starters. Interest rates are going up. And the median cost of a home ($447,000) was a shocking 37.8% higher in May 2022 than in May 2019, according to Realtor.com.

Here are five key signs of an impending housing crash and ways to protect yourself financially to survive the impact. 1. Rapid and Unsustainable Price Increases Starts To Plateau. Seth Jacobs, an experienced Mortgage Broker and Founder of Maine USDA Home Loan, said, "When housing prices rise at an unusually fast pace over a short period, it ...Now there are many of the same flashing signs of a housing bubble—and again, no one is paying attention. A well-respected housing affordability index fell last month to near the lowest level ever as home prices surged. Mortgage interest rates now exceed 5.2%—up from 3.6% just two years ago. In some markets, rates are nearing 6%.The Housing Bubble. Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.'More one hundred hundred community and consumer organizations led by the California Reinvestment Coalition Monday called upon six of the largest mortgage lenders in the state to stem the tide of home foreclosures resulting from predatory loans.' ' California saw 31,434 foreclosures in March alone, nearly triple the number of foreclosures in March of last year, according to RealtyTrac.'Instagram:https://instagram. nexcf stocktwitsgenie that guessessalem county jail inmate mugshotscrawfish west monroe la Absolutely. A bubble is defined by speculation and prices not reflecting the underlying fundamental value of multiple things in the economy. Currently, housing prices have no fundamental basis for what they are selling for. Â Update from 2007: Â Well the bubble burst and in many areas of the country prices are now back to more reasonable ... kettering remote accessemma holliday psychiatry Absolutely. A bubble is defined by speculation and prices not reflecting the underlying fundamental value of multiple things in the economy. Currently, housing prices have no fundamental basis for what they are selling for. Â Update from 2007: Â Well the bubble burst and in many areas of the country prices are now back to more reasonable ... aeries val verde About Me. Name:Ben Jones Location:Northern Arizona, United States To donate by mail, or to otherwise contact this blogger, please send emails to: [email protected] low numbers of homes for sale continue to push prices higher and mortgage rates are rising faster than they have in decades. That has put the squeeze on home buyers and the real estate ...