Buckle in for a brutal free-fall in home prices and US housing is in a massive bubble, experts say
• Yahoo FinanceHere's how bad Jeremy Siegel, Paul Krugman and 5 others think it could get.
Contents Pages by Subject
Housing
Without Easy Money from the Fed, Home Prices Will Keep Falling
• Ryan McMaken - MisesHome price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.
The Big Blackrock Bubble Will Burst
• Ron Paul Liberty Report
South Florida homebuyers are priced out of the market as it becomes one of the most...
• By MELISSA KOENIG and TY ROUSHSouth Florida homebuyers are priced out of the market as it becomes one of the most unaffordable places in the US to buy a home with mortgage payments jumping by a staggering 96%
Case-Shiller Home Price Declines Steepen, How Low and How Fast From Here?
• https://mishtalk.com, By MishPrices are falling now, and the decline will accelerate but not fast enough to revive a housing market that has soured dramatically.
In Striking Reversal, Renters Finally Hit "Breaking Point" Forcing Landlords To Slash Pric
• https://www.zerohedge.com by Tyler DurdenFor much of the past year, as the housing market cratered, potential middle-class homebuyers who found themselves locked out of buying a house due to the explosive surge in mortgage rates, had no choice but to continue renting in the process pushing
Now That Housing Is Rolling Over, Is That Fixer-Upper a Deal?
• http://charleshughsmith.blogspot.comSo-called "cosmetic work" can cost tens of thousands of dollars.
Last Four US Cities Where Renters Can Afford A Starter Home
• https://www.zerohedge.com, by Tyler DurdenHomebuyers feel the squeeze as vanishing inventory, soaring mortgage rates, and near-record-high home prices spark one of the worst affordability crises in decades.
How China Uses the Real Estate Industry to Support Its Espionage and Subversion Against...
• https://www.thegatewaypundit.comby Lawrence SellinHow China Uses the Real Estate Industry to Support Its Espionage and Subversion Against the United States
Redfin Reports Existing Home Sales Decline 25 Percent From a Year Ago
• https://mishtalk.com, By MishIn a prelude to the next existing home sales report by the National Association or Realtors tomorrow, Redfin has some numbers today.
5 Signs That The Housing Crash Is Escalating A Lot Faster Than Many...
• http://theeconomiccollapseblog.com, by Michael5 Signs That The Housing Crash Is Escalating A Lot Faster Than Many Of The Experts Had Anticipated
US Housing Starts Plunge As Homebuilder Confidence Crashes
• Zero Hedge...but multi-family permits soared...
Renters Surpass Homeowners in 41% of Zip Codes in the 50 Largest U.S. Cities
• https://mishtalk.com, By MishRenting is at the highest level in half a century, with 43.7 million households renting. Population-adjusted numbers are another matter. But what does it mean?
"Uncharted Territory": Housing Market Predictions For 2023
• https://www.zerohedge.com by QTR's Fringe FinaSince Fringe Finance has started, I've scoured the Earth far and wide to try and bring a perspective on real estate to the blog that is going to be both no bullshit and an unfiltered on-the-ground opinion that I know and trust (and could add value
"Uncharted Territory": Housing Market Predictions For 2023
• https://www.zerohedge.com by QTR's Fringe FinaSince Fringe Finance has started, I've scoured the Earth far and wide to try and bring a perspective on real estate to the blog that is going to be both no bullshit and an unfiltered on-the-ground opinion that I know and trust (and could add value
Mortgage rates hit 20-year high of 6.92%:
• https://www.dailymail.co, By MELISSA KOENIGMortgage rates hit 20-year high of 6.92%: Amount banks are prepared to lend average buyer has fallen $100,000 since January to $343,000 (which would get you a trailer in LA)
Monolithic Dome Roundup
• Dome RoundupWe are always looking for news about domes and curved architecture. Is there a dome in your area? Is one being built nearby? Are you building a dome and want to announce an open house, Airform inflation, or just want to brag about your building?
Rent Inflation Hits Outer-Ring Suburbs the Most, Core Cities the Least
• https://mishtalk.com by MishThe impact of work-from-home arrangements is clearly visible in rental preferences. City crime is likely another "get me out of here" factor.
Mortgage Application Pace Plunges To 25-Year Low As Housing Recession Deepens
• https://www.zerohedge.com by Naveen AnthrapullyThe pace of mortgage applications has fallen to a multi-decade low amid high housing interest rates, according to the latest data from the Mortgage Bankers Association (MBA).
Experts Warn Homebuyers Of Red Flags Beyond Climbing Interest Rates
• Zero Hedge - Tyler DurdenDo your homework...
Redfin: House sales decline in Sun Belt as buyers back out due to hefty prices
• https://www.naturalnews.com, Belle CarterA new report from renowned real-estate brokerage firm Redfin has indicated that clients are backing out of contracts in the Sun Belt due to unaffordable rates and home prices.
Mortgage Rates Soar Above 7 Percent for the First Time in Over a Decade
• https://mishtalk.com by MishDoubles are long gone. Mortgage rates are 250 percent of what they were at the start of 2021.
Nationwide Rents Drop For First Time In Two Years
• https://www.zerohedge.com by Tyler DurdenThe latest real-time rent data from the property research firm CoStar Group shows apartment rents in the US are fading from record highs for the first time in almost two years, according to WSJ.
The Housing Bubble Has Officially Burst : Case-Shiller Records First Drop In Home Prices Since 2012
• https://www.zerohedge.com by Tyler DurdenAnalysts expected Case-Shiller Home Price growth to continue its modest deceleration in August (the latest available data in this heavily lagged and smoothed data set), but the result was a doozy:
Mortgage rates soar to over 7% - the highest level in 21 years...
• https://www.dailymail.co, By RONNY REYESMortgage rates soar to over 7% - the highest level in 21 years - as luxury home purchases fall 28% and rest of market tanks 19.5% - as monster Fed rises hit borrowers
The Housing Bubble Has Officially Burst : Case-Shiller Records First Drop In Home Prices Since 2012
• Zero HedgeThe -2.3% difference between the July and August rates of annual increase in the National Composite Index was the largest deceleration in the history of the index.
New Home Sales Unexpectedly Soar With Second Biggest Increase On Record
• Zero HedgeThis is probably not what the Fed wanted to see.
Home Robo-Flipper Opendoor "In Danger Zone" After Losing Money On 42% Of All Transactions
• Zero HedgeLast November, housing consultancy firm Zillow lobbed the first warning shot that the housing bubble had burst, when it shocked markets by firing 25% of its workforce, and announcing it had scrapped its robo-flipping program after losing hundreds of
'Some companies are closing their doors, others are shutting down divisions':
• Market WatchRocket CEO outlines plans to navigate the dramatic decline in mortgages
'Smart living city' planned for development in Winslow
• Tribune News NowThe proposal is to bring thousands of new homes to the city built with technology-based infrastructure, industry with high paying jobs, and a communal society based on self-reliance, agricultural development, onsite utilities and economic opportuniti
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