US housing market bubble

[Moon_Walker]

 

The last time a housing bubble popped in the United States, it took four years to play out. But things are moving fast during this pandemic — just look at the record-breaking action in the stock market — and if Wolf Richter has it right, pent-up supply could soon ravage home prices.

He used this chart to show how the typically red-hot Bay Area housing market, including Marin, Sonoma, Napa and Solano counties, has been grinding to a halt.

“This is supposed to be the spring selling season, and new listings are supposed to surge,” Richter explained in a post. “But sellers aren’t interested in having potentially infected people traipsing through their home; and they know that buyers are woefully absent, and it doesn’t make that much sense to list the home because previously listed homes are still languishing on the market.”

According to Thomas Stone, a Sonoma Country realtor quoted on the Wolf Street blog, there’s a very rough road ahead in the housing sector due to falling appraisals, a trickier loan market and a glut of vacation rentals that owners need to shed.

“The next big shoe to drop will be when appraisers call a declining market, probably in August but perhaps as early as July,” he said. “And this bleeds into the difficulties of getting a mortgage.”

 

 

[Pitta]

[Moon_Walker]

From what i am gathering from multiple sources July/August time frame might be a another crash.

[ennnna chata]

22 minutes ago, Moon_Walker said:

From what i am gathering from multiple sources July/August time frame might be a another crash.

Looks like it’s going to increase in that window due to spring and summer market boom may be government stimulus and low inventory is helping the market ... if this continuous I expect it will drop next year and if this resolves it may bounce crazy 

https://www.cnbc.com/2020/05/13/mortgage-applications-from-buyers-jump-11percent-signaling-life-for-spring-housing-market.html?__source=iosappshare|com.google.chrome.ios.ShareExtension

 

 

[phatposts]

Some markets are still doing great. Supply already low unna areas are not impacted. 

Look at boston suburbs - houses are not for sale and any on sale are going out in less than a week

[Allarinaresh10]

1 hour ago, Moon_Walker said:

From what i am gathering from multiple sources July/August time frame might be a another crash.

Thatha undaga down avvadu uncle inko trillion karchu petti ina nilapedatadu. Next year blood bath anukuntunna 

[dasara_bullodu1]

no bubble ... slight contraction untadi

actual bubble got burst in January... houses were apprising like crazy ...

mamul condos ki 50k out-of-pocket petti konataniki kooda ready ayyaru janlu... ippudu 5 k ki kooda alochistunnaru

[dasara_bullodu1]

interest rates fed tagginchina banks tagginchatledu...

[veeraveeraleaks]

bublble ki mother hubby is on its way.....

[perugu_vada]

3rd and 4th quarter ki scenes bayata padathaay .. it ain't easy for real-estate market to survive this pandemic 

[Spartan]

Bay Area MOuntain House lo matram rates mandipotai inka..

it will hit that 800-900 single family homes price range..

because of more WFH options.... @Anta Assamey @tom bhayya

[dasara_bullodu1]

may be office space will see real estate bubble

[AndhraneedSCS]

7 minutes ago, Spartan said:

Bay Area MOuntain House lo matram rates mandipotai inka..

it will hit that 800-900 single family homes price range..

because of more WFH options.... @Anta Assamey @tom bhayya

WFH isthe Bay Area lo undavalsina avasaram ledu ga ... why would rates increase?

[tom bhayya]

30 minutes ago, dasara_bullodu1 said:

may be office space will see real estate bubble

retail real estate market assam lot of closures and no one will fill