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Housing

Scary Housing Market Stat Is Already Spiking Toward 2008 Crash Levels

The housing market is showing all the makings of another crash. The Fannie Mae housing sentiment index is at an all-time low. And forbearances are now twice that of Q1 2008 delinquencies. Under extreme stress from the COVID-19 crisis, the U.S. housing market has many of the makings of the 2007-2009 housing crash. But this…

The U.S. Housing Market Could Be Crushed as Home Flipping Returns

Opendoor decides to restart. Housing demand in the U.S. has tanked, and credit has tightened. Job losses add to the uncertainty surrounding the market. As millions of Americans continue to file for unemployment benefits due to the lockdown, the housing market has started feeling the heat. Home sales have started heading south in good measure, but…

Why the Housing Market Will Defy This Spooky Great Recession Echo

In a spooky financial crisis echo, the gap between mortgage rates and Treasury bond yields is at its widest mark since 2009. Mortgage rates are low, but they should be even lower by historical standards. Here’s why the housing market will continue to recover anyway. Treasury bond yields and mortgage rates typically move in tandem,…

Housing Market Checks 4 Out of 4 Boxes That Caused The 2008 Crisis

The U.S. housing market is vulnerable today in all the same ways it was leading up to the 2008 financial crisis. It checks all four of the boxes that led to the housing bubble in the January 2011 Financial Crisis Inquiry report. Add to that the extreme economic stresses of the coronavirus pandemic and drastic…

The Housing Market Is Edging Dangerously Close to a $1 Trillion Reckoning

The housing market is teetering like a house of cards. Loan forbearances now represent nearly $1 trillion in unpaid principal. Short of a miraculous economic recovery, a wave of defaults is next. The federal bailout of the housing market ballooned by a stunning margin in the last week. According to mortgage data company Black Knight,…

Why the U.S. Housing Market Will Survive the Ugly Home Sales Plunge

New home sales plunged 9.5% from a year ago to 627,000 in March as buyers and sellers pulled back from the housing market. April should be even worse. Here’s why there is still hope for the housing market. The COVID-19 pandemic is pummeling nearly every sector of the U.S. economy, including the housing market. With…

New Housing Market Data Is Bad News for Bargain-Hunting Millennials

FHFA data show that house price growth remains strong in the United States. That’s excellent news for the housing market. But not for the Millennials hoping that a severe price downturn would make homeownership more affordable. Millennials hoping that the coronavirus pandemic would ignite a housing market crash and streamline their path to homeownership got…

A $1.3 Trillion U.S. Housing Market Crash Is Imminent, and Inevitable

The U.S. housing market could lose 4% of its value. Unemployment claims and layoffs would be a headwind. Demand is expected to fall off a cliff thanks to the coronavirus pandemic. The U.S. housing market is going to be one of the biggest victims of the novel coronavirus pandemic as people lose jobs and the…

The U.S. Housing Market Bubble Is Bursting as Sales Plunge

The U.S. housing market is in trouble as sales are heading south. Massive unemployment is expected to derail price growth. Key players are already pulling out. U.S. real estate has enjoyed a terrific run over the past year as buyers poured into the market to take advantage of low mortgage rates. But it was a…