Housing Market 2023
Housing Market 2023
The U.S. housing market is looking like it did around 2006/7!
It’s looking like home prices could fall by 30% in 2023 as the housing crash gets worse. Read more
Real Estate Evictions and Lease Defaults
Real Estate Evictions and Lease Defaults
America is in a major Housing Affordability Crisis in 2022.
Rental Rates are up by over 15% in the last year, leaving many renters and future homebuyers with no money. Many of these renters are not paying rent, which could lead to a massive wave of evictions in 2022 and a real estate investor sell off. Read more
Where are the Home Buyers?
Home Buyers?
Is there a CRASH in HOMBUYER DEMAND?
As we are coming into the holiday season with considerable inflation shock I would imagine many buyers are going to put house shopping on the back burner. When you can’t count on pricing for daily needs being relatively stable, it puts a lot of things on hold.
Could the US Housing Market Bubble be turning into a Housing Crash? Perhaps in certain cities across the Sun Belt, where external homebuyer interest has crashed! Read more
Home Mortgage Delinquencies Jump
FHA Home Mortgage Delinquencies Jump
Just reported that in the fourth quarter of 2016 the Federal Housing Authority reported that home mortgage delinquencies increased for the first time since 2006. It should be kept in mind that this home mortgage delinquency jump comes at a time when the FHA was seeing the lowest home mortgage delinquency rates since 1997!
It’s fair to say that the majority of economists were surprised by this home mortgage delinquency junp. Naturally, it’s way too soon to determine if this is just a blip or the start of an ominous trend. Read more
Housing Recovery Not Until 2015
Housing market recovery
The analysis of today’s housing market in the video below, in my opinion is one of the most accurate and truthful that I have seen. Be forewarned, that if you’re a San Diego homeowner who’s expecting a snapback in your home value, I’d suggest not viewing this video because the harsh reality can be, and is, quite depressing. Read more
Housing Starts Fall in August
New home starts fall
The Commerce Department said today that housing starts in August decreased the most since April, down 5.0 percent to a seasonally adjusted annual rate of 571,000 units. Plus, July’s starts were also revised down to a 601,000 unit pace, which was previously reported as a 604,000 unit rate.
New housing starts are now running less than one third of their rate during the housing boom. Read more
Home Foreclosures Likely to Rise
Banks have stepped up their actions against homeowners who have fallen behind on their mortgage payments, setting the stage for a fresh wave of foreclosures. Read more
Coming Double Dip For Real Estate
Real-estate attorney Stephen Meister on why he feels a double-dip recession is coming in the housing market.
httpv://www.youtube.com/watch?v=hhlV6vfEKFY
Be sure to view my recent prior posts on the double dip for San Diego housing market:
San Diego real estate 2010 2nd. half outlook
San Diego home value forecast
Housing Market Forecast … Don’t Buy The Bull
With may ‘experts’ saying we are nearing a bottom – is now the time to buy real estate?
A recovery is going on, and confidence will return if it is sustained … and the jobs issue will work itself out. Yes, looks like times are changing. Just one major problem …home foreclosures are accelerating as moratoriums on foreclosures, resets, and unemployment hit home owners harder and harder. Plus, commercial real estate looks like it will be a repeat of the residential real estate story. Read more