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The real estate rager is over. Prepare for a housing hangover.
Source: MLive --- The housing market is cleaning up its wildest party in decades. Prices saw double-digit increases while days on the market were reduced to hours. But now we’re flipping on the lights and ending this rager. It’s time to go back to normal — whatever...
Real estate speculators during recessions and recoveries
Source: firsttuesday Journal --- This article explains why speculators — as a distinct type of real estate purchaser — profit disproportionately during a recovery, and what the next speculator increase means for California’s housing market. Why the spectacle? A real...
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Housing construction falls to lowest level since April 2021
Source: Scotsman Guide --- Residential starts fell in May to a seasonally adjusted annual rate of 1.55 million units, down 14.4% monthly and 3.5% yearly to the lowest level in more than a year. That’s according to the latest new residential construction report from...
Housing industry insider warns market seeing signs of a ‘real slowdown’
Source: Fox Business --- The National Association of Home Builders warned on Wednesday that soaring inflation and higher mortgage rates are slowing home sales, with CEO Jerry Howard calling the combination a "perfect storm." Howard told "Varney & Co." on Wednesday...
The Fed plans to ‘reset’ the housing market—raising the likelihood of falling home prices
Source: Fortune --- It’s not just about how expensive housing became—it’s how fast it got there. It only took 24 months for U.S. home prices to soar a staggering 37%. For comparison, the biggest two-year spike leading into the 2008 housing crash was 29%. Heading into...
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