The red-hot US housing market is about to stall and the risk of that boom turning to bust is rising

[Weatherman2020]

It’s what we saw in the 08 crash. Peoples home loans are for more than the value of the home so they just walk away. And combined with many Americans are living on credit cards which are poised to skyrocket on their rates it’s a perfect storm. And Great Recession II is here.

The red-hot US housing market is about to stall and the risk of that boom turning to bust is rising, an economist says

US home prices will drop if the Federal Reserve hikes rates harder than analysts currently expect, the consultancy Capital Economics said.

www.yahoo.com

 

[JackOfNoTrades]

It’s what we saw in the 08 crash. Peoples home loans are for more than the value of the home so they just walk away. And combined with many Americans are living on credit cards which are poised to skyrocket on their rates it’s a perfect storm. And Great Recession II is here.

The red-hot US housing market is about to stall and the risk of that boom turning to bust is rising, an economist says

US home prices will drop if the Federal Reserve hikes rates harder than analysts currently expect, the consultancy Capital Economics said.

www.yahoo.com

Not even remotely close to what we saw in 2008. Prices and values are high right now. Interest rates are being raised and that's what will slow or stall the market. Pretty sure those subprime rules were amended after the last go round.

 

[johngaltshrugged]

It is absolutely on a bubble that will burst shortly. Applications for home mortgages are cratering. The insane increases over the last 2+ years were never based on anything other than speculation.
I watched the prices rising knowing this was unsustainable & would lead to a major correction.
The housing market is going to crash land so if you have any property you want to sell, get it on the market soon.

Mortgage demand falls to the lowest level in 22 years amid rising rates and slowing home sales

Mortgage demand continues to fall as interest rates rise further and affordability in the housing market weakens.

www.cnbc.com

 

[1srelluc]

Meh, then the rent boom will just take over. There are fewer houses to buy and interest rates are higher so it can be cost effective for some to rent.

Peeps are biding-up rents now like they did houses. Average rent for a single family 3/2 is 2K a month now and shows no sign of cooling off......That means you need to make around 75k if you go by 30% of your after tax income for housing.

Add the increased cost of everything else and chew on that one for a while.

Median monthly rent surpasses $2K in the U.S. for the first time, study finds​

CHARLOTTE, N.C. (WBTV) - For the first time, the median monthly rent in the United States surpassed $2,000 a month, according to Redfin.

That’s 15% higher than this time last year.

Members of Redfin, which monitors the U.S. housing market, say the median monthly rent in Charlotte is now just over $1,800 a month as of May. That’s 8.7% higher than the same time in 2021.

Median monthly rent surpasses $2K in the U.S. for the first time, study finds

 

[marvin martian]

It’s what we saw in the 08 crash. Peoples home loans are for more than the value of the home so they just walk away. And combined with many Americans are living on credit cards which are poised to skyrocket on their rates it’s a perfect storm. And Great Recession II is here.

The red-hot US housing market is about to stall and the risk of that boom turning to bust is rising, an economist says

US home prices will drop if the Federal Reserve hikes rates harder than analysts currently expect, the consultancy Capital Economics said.

www.yahoo.com

Real estate investors like me are looking forward to this.

 

[jwoodie]

Existing low interest mortgages are a form of equity. If you can afford the monthly payment, you can hang on to your house regardless of its current market value. And Uncle $am will be sure to print more money if you need it. That is the irony of what used to be known as fiscal responsibility.

 

[Harpy Eagle]

You people are just hilarious.

Prices of RE and homes booming during the previous Admin and not a one of you ever posted about them being over valued or a bubble or any of the sort....not all of a sudden those prices were not real!

How can any of you shave with two faces like this?

 

[Weatherman2020]

You people are just hilarious.

Prices of RE and homes booming during the previous Admin and not a one of you ever posted about them being over valued or a bubble or any of the sort....not all of a sudden those prices were not real!

How can any of you shave with two faces like this?

China buying up most of the West coast property has indeed caused high prices.

 

[Dont Taz Me Bro]

It’s what we saw in the 08 crash.

It's nothing like what we saw in '08. I can't stop being astonished by the ignorance of so many people who actually think 2008 was caused by high prices.

 

[Harpy Eagle]

China buying up most of the West coast property has indeed caused high prices.

damn commies

 

[Weatherman2020]

damn commies

Looked up a home I lived in until age 6 in the LA area. 1,300 sq ft, lot 6000 sq ft. built 1951. $1.3M.
I expect the ChiComs to start having fun soon.

 

[Weatherman2020]

It's nothing like what we saw in '08. I can't stop being astonished by the ignorance of so many people who actually think 2008 was caused by high prices.

High prices with the market dropping prices. What planet where you on then?

 

[Harpy Eagle]

High prices with the market dropping prices. What planet where you on then?

do we have the same sub prime mortgage bomb waiting to blow up?

 

[Concerned American]

It’s what we saw in the 08 crash. Peoples home loans are for more than the value of the home so they just walk away. And combined with many Americans are living on credit cards which are poised to skyrocket on their rates it’s a perfect storm. And Great Recession II is here.

The red-hot US housing market is about to stall and the risk of that boom turning to bust is rising, an economist says

US home prices will drop if the Federal Reserve hikes rates harder than analysts currently expect, the consultancy Capital Economics said.

www.yahoo.com

Yeah, the DNC/vegetable had to accelerate things because Trump set them back on their timeline to bankrupt the US and put the NWO in power. If Trump had not won, the US would already be a third world country.

 

[toobfreak]

It’s what we saw in the 08 crash. Peoples home loans are for more than the value of the home so they just walk away. And combined with many Americans are living on credit cards which are poised to skyrocket on their rates it’s a perfect storm. And Great Recession II is here.

TRUMP was the BOOM, but now

BIDEN is a BUST.

Break, broken, busted bastard.