By the numbers, however, it's becoming harder and harder to argue that America's housing market isn't already over-heating. Inventory in many regions has hit record lows. Days on market are ...Home prices spiked by 25.9% in Phoenix, 24.7% in San Diego and 23.4% in Seattle, according to the report. Meanwhile, existing home prices continued to grow in June, according to the NAR. The ...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 ...The Housing Bubble Blog. Search Submit. Ben Jones. This author has written 2734 articles. Home Ben Jones. China's Current Economic Crisis Is The One It Refused To Have In 2008. October 8, 2023; Ben Jones; Uncategorized; 103 Comments; A weekend topic starting with Reuters. "As developer China Evergrande Group lurched from one crisis to another ...Housing: Boom or Bubble? To say that housing analysts 'missed the call' on the market last year would be euphemistic to say the least. Long before COVID-19 became the predominant story of the global economy, many analysts were predicting a decline in the market. It's little wonder that the onset of the pandemic recession caused them to up ...While answering audience questions at a Brookings Institution event this week, Powell told the crowd the dramatic rise in home prices in 2020, 2021 and part of 2022 was a “housing bubble.”. He has said the U.S. housing market needed a “ difficult correction ” and a “reset” to bring better “balance” to a market that had enjoyed ...Ben Jones. April 27, 2023 at 2:03 am. Millennials are fueling a generational housing bubble that’s set to burst over the next decade as demand for homes falls off, according to researchers. In a recent report from the Indiana University Center for Real Estate Studies and the Indiana Business Research Center, researchers said Millennials ...People only need to peruse the big vacation rental sites Airbnb and Vrbo for Palm Springs listings to get a sense of how desperate some vacation rental owners have become. ‘It’s like a race to the bottom,’ she said. ‘Everyone’s dropped their nightly rate down to rates that I personally think are just not sustainable. It’s scary.'”.From June to July, median home prices dropped 8.5% in San Francisco to $1.46 million, 3.4% in Alameda County to $1.26 million, 3.2% in Contra Costa County to $900,000, 2.7% in San Mateo County to $1.98 million and 1.4% in Santa Clara County to $1.8 million.". "Sellers now putting houses up on the market are often doing so reluctantly.A Bronx father was stabbed to death outside a public housing complex Wednesday morning, police and his heartbroken nephew said. Derrick Hamlin, 51, got into an altercation with his killer outside the John Adams Houses on Tinton Ave. near E. 152nd St. in Woodstock around 11:40 a.m., cops said. When police arrived on the scene, they found Hamlin ...The bubble in the US housing market continues to come to a bitter end. Home prices are falling at a clip of about 1% per month, depending on your source of data. Purchase mortgage applications are ...Here are 20 Best Affordable Housing Blogs you should follow in 2023. 1. Shelter Blog. The Shelter blog is an open platform to discuss housing policy, campaigns, the latest research and our activities. If you would like an official quote... more. 2. Shelterforce. 3. Habitat Blog.The Denver Post reports on Colorado. "Prices of existing homes in the Denver and Boulder metro areas fell in the first quarter of 2006, the first time in at least 16 years. At least one expert attributes the decline to basic supply-and- demand imbalances."This kind of inversion hadn't been seen in 41 years.Mortgages, on average, run 4 percentage points above inflation. This hinted inflation was a growing problem.A report from Politico.. “Lobbyists are scrambling to get help from Washington to goose the housing market as demand tanks in response to rising interest rates and high prices.The Housing Bubble Blog. Search Submit. Ben Jones. This author has written 2714 articles. Home Ben Jones. As Owners Realize Their Predicament, They Will Flood The Market. February 26, 2019; Ben Jones; Uncategorized; A report from Sparefoot. "The influx of people moving from the west coast and an increase in apartment complexes in Arizona has ...The Housing Bubble Blog, say Jones, offers a counterpoint to mainstream complacency. "The way I feel about it, is if people want to hear the real estate bull story the NAR [National Association of ...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. The …Post your weekend topic suggestions here! Also, don’t forget to email digital housing bubble photos to: [email protected] 30, 2022 · Home inspectors explain red flags. US home prices have soared to new heights and keep on climbing, and now some researchers and economists are saying they have seen signs of a housing bubble ... Mar 12, 2023 · They Break Because That’s What Bubbles Have To Do. A report from the Jax Daily Record in Florida. “In St. Johns County, which has been the longtime market leader, the median price fell from $526,500 in January to $510,000 in February. In February 2022, the median price in St. Johns County was $480,000. It peaked at $575,000 in May 2022. 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. It’s …Dr. Housing Bubble Blog focusing on real estate and investingSome housing bubble news from Wall Street and Washington. CNN Money, "Home values and housing sales will take an even bigger hit than previously forecast and will not recover to their earlier levels throughout all of 2008, at least, according to the latest economic outlook from the National Association of Realtors released Tuesday.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 ...In Toronto, Canada today, the median income for the Metro region is $78,373. So we'll call that $78,000. That means a healthy housing market would be priced for the median house somewhere between ...The Housing Bubble Blog by Ben Jones examines the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole. housingbubble.blog 2 posts / day Sep 2018 DA 28 Get Email Contact. 2. Dr. Housing Bubble BlogFirst, 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 ...by Wolf Richter • Aug 29, 2023 • 168 Comments. Year-over-year price drops in San Francisco, Seattle, Las Vegas, Phoenix, Denver, Portland, Dallas, San Diego, Los Angeles, and Tampa suddenly. Mortgage Rates Adjust to New Era, Jump to Highest since 2001. Long-Term Treasury Market Slowly Coming out of Denial.May 26, 2023. Ben Jones. Uncategorized. It's Friday desk clearing time for this blogger. "Austin Board of Realtors latest data shows the median price of a home is about 466-thousand dollars, a significant drop from the price a year ago – 521-thousand dollars. 'Buyers have gotten….Wall Street’s biggest houses hawked $702 million in junk bonds for WeWork. The junk pays 7.875 percent interest and is due in 7 years. With 10-year treasuries hovering almost a full 5 percent less, this offering sounded better to the bond-buying public than happy hour at Denny’s, especially if they read the part about WeWork valuing itself ...September 29, 2021. GC. The 2008 financial crisis still brings back horrific memories for many. It was regarded to be the greatest financial crisis since the 1929 depression. There was widespread panic, recession and it seemed the world would never be able to recover from it. Yet there are number of people who don't exactly know what happened.A report from Community. From Market Place. “Rising mortgage rates have hit different parts of the country differently. Seattle prices are down 12.4% from last year — the largest dip among the 20 metro areas Case-Shiller tracks.Tampa rents have increased nearly 5% in the last year, hovering under the $2,100 mark since December, according to the Zillow Observed Rent Index. The national average is just $1,978. (U.S. News) Part of why Tampa's home and rent prices continue to grow is the area's rising population.It’s Survival Of The Fittest In California. KCBS reports from California. “About 500 Sacramento and Bay Area homes are being auctioned off over the next two weekends, and next month 34 homes in a Manteca subdivision will be on the block, starting at 40 percent below previous prices. The idea is to get qualified buyers off the fence, says ...The Housing Bubble Blog - Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole. Domain Summary What is the traffic rank for Housingbubble.blog? • Housingbubble.blog ranks #771,613 globally on HypeStat.This article needs to be updated. (February 2022) A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom. [1] A land boom is a rapid increase in the market price of real property such as ...The Housing Bubble and the Great Recession: Ten Years Later 6 FIGURE 1 Residential Construction as a Share of GDP, 1980–2018 Source and notes: Bureau of Economic Analysis (2018).Item/Product Name: Help Support The Housing Bubble Blog Buyer: ***** Reply to this comment. Comment by Chip. 2006-05-05 10:18:25 An absolute bargain, at that. Reply to this comment . Comment by bigdaddy63. 2006-05-05 05:10:18 Have we finally passed the denial stage in the unwinding of this bubble? ...A report from CBS Boston in Massachusetts. “Like the price of just about everything, the price to finance a home is going up. ‘It has a lot to do with inflation,’ said IND Mortgage founder Dick Lee.Search Submit. Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.16K posts - Discover photos and videos that include hashtag "housingbubble"It’s Friday desk clearing time for this blogger. “Home prices continue to go down in the Boise area. The Intermountain Multiple Listing Service shows the median price of a newly constructed single-family home in Ada County dropped in March to $507,500, a decrease of more than $20,000 from February and more than $100,000 from March 2022.That represents a 29 percent decline from a year ago, and the lowest total since January 2012, a month that saw just 40 luxury deals inked.". "Actor Bruce Willis' home topped the list with the No. 1 contract for his duplex apartment at 271 Central Park West, which had an asking price of $17.75 million.August 17, 2023, 12:10 AM PDT. China's real estate crash is threatening to drag down the economy. Bloomberg. Judging by China’s official statistics, the nation’s housing market has been ...Scott Beers, who took over the primo real estate with his girlfriend, promised to keep it cleaner than the previous ‘tenant.’ ‘I’ve had homes before so I get it,’ said Beers, who keeps his belongings neatly stacked on an airport luggage cart. ‘These people pay millions of dollars to live by the beach and they don’t want to see ...The Union Tribune in California. “January is typically a slow month for home sales in San Diego — but it’s never been this slow.Resale single-family: Median of $820,000, with 1,027 sales, and down from its peak of $950,000 in April. Resale condo: Median of $600,000, down from its peak of $663,000 in May. There were 517 sales.Builder sentiment, while low compared with 2021, has risen steadily in recent months to 56 out of 100 as of July 2023, according to the National Association of Homebuilders and Wells Fargo Housing Market Index. In comparison, builder confidence reached a whopping 84 in December 2021, and was as low as 31 in December 2022.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 ... 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. It's Just Another Reason For Them To Panic. September 27, 2023; Ben Jones; Uncategorized; 70 Comments;Then came the pandemic, marked by a buying frenzy and a selling freeze, which created a supply-demand mismatch that made the price boom go into warp speed. The average price of American homes, in ...Meanwhile, Fannie Mae, the federal guarantor of trillions of dollars of mortgages, is now insuring mortgages of more than $1 million. This program was supposed to help lower-income and first-time ...Home inspectors explain red flags. US home prices have soared to new heights and keep on climbing, and now some researchers and economists are saying they have seen signs of a housing bubble ...Some housing bubble news from Wall Street and Washington. The Washington Examiner.. "The president of the Federal Reserve Bank of San Francisco warned Monday of signs of financial market bubbles in the U.S., saying that the central bank would risk financial instability by keeping rates at zero for too long.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.Mar 23, 2023 · March 23, 2023 at 2:23 am. The Austin-based job search company Indeed has announced that 2,200 jobs are being cut. Indeed is yet another company joining the big names in the tech industry for mass layoffs. In a letter from CEO Chris Hyams, around 15% of the entire company has been cut. December 23, 2021. Ben Jones. Uncategorized. A report from the Erie Times-News. "November bought some relief for buyers as median sale prices fell 2.9% …Irrational exuberance is unsustainable investor enthusiasm that drives asset prices up to levels that aren't supported by fundamentals . The term "irrational exuberance" is believed to have been ...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; 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] . PayPal is a secure online payment method which accepts ALL major credit cards. Links;Dec 25, 2020 · Housing Bubble: A housing bubble is a run-up in housing prices fueled by demand, speculation and exuberance. Housing bubbles usually start with an increase in demand, in the face of limited supply ... REDUCED FROM R40M TO R 23,5M TO SELL IMMEDIATELY That is if you believed it was worth 40 bar in the first place. But if it's true... R17m off? 42% of the asking price?Apr 3, 2022 · From Candy’s Dirt.. “‘The use of the term ‘bubble’ is wrong, in my opinion,’ said Dr. Jim Gaines, a research economist at the Texas Real Estate Research Center at Texas A&M, regarding a recent report from the Federal Reserve Bank of Dallas. Housing bubble definition. A housing bubble is a market condition in which prices rise beyond what most believe is reasonable or sustainable. One way this might happen is if median home prices ...2018-09-14 07:13:15. "'This is a result of the boom days being over and the distress days coming,' said Peter Zalewski, principal with the Miami real estate consultancy Condo Vultures. 'Warren Buffett always said: 'A low tide exposes who's naked.'". Condo Vultures must be salivating as the condo investing equivalent of a ...September 29, 2023 by Marco Santarelli. The US housing market is going through a crucial period in 2023 with conflicting opinions on the future of the market. The housing market has been experiencing a period of significant growth in recent years, with record-low mortgage rates and high demand pushing home prices to all-time highs.Because the REIC has engaged in an echo chamber of no risk for almost a decade: ‘There are no minimums placed on credit scores, no maximums placed on loan-to-value ratios and no limits on risk layering, which is when low credit scores are combined with high LTVs, a 30-year amortization term and high DTIs.The Daily Mail reports on the UK. "House prices are falling all over Britain as the property market ends the year with a whimper. The value of the average home fell in nearly a third of UK postcodes in the three months to November, according to property website Hometrack.Housing Bubble: A housing bubble is a run-up in housing prices fueled by demand, speculation and exuberance. Housing bubbles usually start with an increase in demand, in the face of limited supply ...CTV Vancouver in Canada. "Three years after construction suddenly stopped on a large Richmond development, pre-sale buyers are demanding the developer return their deposits. 'Every time I drive by No. 3 road, I see a big hole. I just see my money is in the hole,' says Joshua Chang.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.The U.S. News Housing Media Anaylsis tool interprets the sentiment from over 500 U.S. housing news articles/month. Filters allow you to tailor media results to your region, time period, source, or keyword. The U.S. News Housing Market Index is an interactive tool that synthesizes housing market perspectives and predictions.U.S. home prices have soared to new heights and they keep on climbing, and some researchers and economists say they have seen signs of a housing bubble brewing.Home prices are rising faster than ...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 ...Even in Miami and Tampa, prices down for 5th month in a row. By Wolf Richter for WOLF STREET. Just for a foretaste, Housing Bubble 2 in Seattle: Housing Bubble 2 is deflating relentlessly, not under the pressure of an unemployment crisis – far from it: the labor market is still historically tight with the highest pay increases in four decades, and an increase in unemployment would be the ...00:00. 00:00. Wharton's Susan Wachter and Benjamin Keys discuss the impact of the subprime lending and housing crisis. The U.S. is not about to see a rerun of the housing bubble that formed in ...Oct 14, 2013 · Bubble Meter. Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion. Among the 88 mainland real estate companies specializing in residential property development, 40 experienced net losses after taxes last year, totaling over 170 billion yuan. The losses ranged from millions to hundreds of billions, with six companies losing more than 10 billion yuan, the highest being nearly 29.9 billion yuan.Fort McMurray Today reports from Canada. "September housing prices and sales have fallen from their 2014 averages, according to statistics from Fort McMurray Realtors. The downturn continues to affect housing sales as statistics show single family detached home sales are down by over a third from this time last year.Through the down years of 2016 and 2020, the Miami Beach, Florida-based private equity firm struggled to keep up, Dr. Housing Bubble Blog. ****.****@****.***. Our mission at Dr. Hou, The Voice of San Diego has this update on that housing bubble. “Home buyers in S, Here are three signs that the housing market is creeping toward a 2008-like bubble. 1, While answering audience questions at a Brookings Institution event this week,, The Press Democrat reports from California. "'For Sale' signs planted in lawns along Banjo Driv, Deborah Farmer, head of Tampa's Star Light Realty, recently bought a house with , BILD and real estate consultants Altus Group releas, Signs of a Housing Bubble. There are several signs that indicate , I Was Previously Considered Wealthy. April 14, 2023. Ben Jon, The Housing Bubble Blog. Search Submit. Blog Home Unca, The content on Dr. Housing Bubble Blog is provided as general infor, The Post-Covid Bubble Is Unraveling. September 16, 2022. B, Around a third of all newly completed apartments in the cou, Sep 25, 2023 · The Housing Bubble Blog. Search Submit. , Tesla CEO Elon Musk has no shortage of opinions to share on Tw, thehousingbubbleblog.com/?feed=atom. thehousingbubbleblog.com/?fe, But condo prices in the San Francisco Bay Area fell year-ov.