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 
Housing Crash Phase 2
Housing Crash Phase 2
A huge wave of evictions is starting across the US Housing Market. This is the start of Phase 2 of the US Housing Crash.
Zillow data shows that rents in America have increased by 24% over the last 18 Months. Meanwhile data from the BLS shows that Wages have only increased by 8% in that same period – 3x Lower. Read more
Housing Crash has Started
Housing Crash has Started
Baby Boomers Forced to Liquidate their homes.
Baby Boomers are about to liquidate 30 Million Homes over the next several decades. Flooding the US Housing Market with inventory and creating the potential for a 30-Year Housing Crash. Read more
Another Housing Crash?
Another Housing Crash?
In California the general trend here is people want to be as close to the coast and Metro centers as possible.
Of course that’s very expensive. So people start moving away to get whatever they can afford. So you have places like Palmdale and Santa Clarita where people don’t actually want to live there, but it’s all they can afford. Read more
How the Government RIGGED the Housing Bubble
2022 Housing Bubble – Setup by the Government
By creating an Artificial Shortage of Homes over the last 2 Years,
the Government has RIGGED our current Housing Market!
Housing Inventory is at all-time lows while Home Prices are at all-time highs. Both home buyers and real estate investors are priced out of the Market and fear a Housing Crash. This problem was exacerbated by the Federal Government during the pandemic in 4 Key Ways:
2022 Housing Crash has started
2022 Housing Crash
A big problem for home builders and could cause a Housing Crash soon.
Surging Mortgage Rates has made buying a Home in in US Real Estate Market much more expensive over the last three months. Particularly so for newly built homes. Read more
2022 MORTGAGE CRASH
2022 MORTGAGE CRASH
Many have been speculating what’s going to be the key factor to bust the residential real estate housing bubble. Well, it looks like we now have an answer to that, and that is . . . quickly rising home mortgage rates combined with the fact that in many local housing markets, local residents have been priced out of the housing market because of the surging home appreciation.
Here in Phoenix Arizona, a recent report out shows that just about 25% of the residents can afford the average residential home! Usually when there’s such an imbalance in affordability, it marks the top of the housing market. Read more
Home Mortgage Rates
Home Mortgage Rates
Russia & Ukraine CRASH Mortgage Interest Rates
Home mortgage rates PLUNGED yesterday due to the Russian Invasion of Ukraine. But now Mortgage and Interest Rates are surging back up after Jerome Powell testified before Congress. Where does this leave the US Housing Market in early 2022? When will the HOUSING CRASH start?
Read more
2022 California Real Estate Market Red Flags
2022 California Real Estate Market
The US government’s own statistics are very clear, the California exodus continues. 1.1 Million have fled the state since 2017!
First of all, let me say that I was wrong! Yes, I thought the California housing market would be well on its way into a major crash by now. I believe what was different about this time around, was the fact that California as well as the entire country, went on a huge money giveaway plan to try and stimulate the economy out of the covid mess. Plus, California seem to have endlessly extended the eviction moratoriums. So, I guess in one sense the government’s reckless spending spree, forestalled the inevitable and greatly contributed to the outrageous real estate appreciation of the last few years. Personally oh, it’s my opinion, that a lot of smart people (Elon Musk among them) decided that the best financial move they could ever make was getting out of California and moving their businesses to more business-friendly states. Read more
Home Price Declines Ahead
Are Big Home Price Declines Ahead?
Large housing market corrections are due roughly every 11-12 years, so last year would have been 12 yrs. With the way its going, the markets are completely disconnected. So, when it happens, it will probably black swan type of event that is the trigger!
Home and equity prices always come down from tops. History always repeats. Problem all of us have is timing. fear of missing out can take us to even crazier home price levels. But it always happens. Cycles always reset, with different circumstances IMHO. I think that is what Shiller is saying. Read more