Home » Housing Bubble

Housing Bubble

This morning saw two very strong housing reports: First-time buyers lift U.S. home sales to 5-1/2-year high WASHINGTON (Reuters) – U.S. home resales surged to a 5-1/2-year high in May as first-time buyers stepped into the market, the latest indication that housing and overall economic activity were gathering steam in the second quarter. The strengthening […]

Too Many Houses, Not Enough Jobs

by John Rubino on February 23, 2015 · 19 comments

Today’s existing home sales report was down another 4.9% to an annual rate of 4.82 million units, the lowest in nearly a year. And this, remember, is in the sixth year of a recovery with reported unemployment below 6% and the Fed preparing to raise interest rates to head off incipient overheating. Mortgage rates can’t […]

Why Isn’t Housing A Bubble?

by John Rubino on September 22, 2014 · 20 comments

In his book The Postcatastrophe Economy, iTulip’s Eric Janszen notes that financial bubbles don’t repeat. That is, yesterday’s bubble is never tomorrow’s because hot money likes to chase the next big thing, not the last big thing. Which explains how US equities, government bonds, fine art, and trophy properties like London penthouses can all be […]

Thinking About 5% Mortgages

by John Rubino on June 26, 2013 · 9 comments

They say that one sign of creeping old age is that memories from past decades are more vivid than those from past days or weeks. They’re right. I don’t remember what I had for lunch yesterday but clearly recall bragging about refinancing our mortgage for 6% back in the early 2000s. That was a killer […]

Housing: New Bubble or More Trouble?

by John Rubino on April 17, 2012 · 22 comments

The in-laws own a gas station in Miami that they’ve wanted to sell for years. But they dithered when the market was hot and ended up being stuck with it when interest evaporated in 2009. Lately, though, the phone has begun to ring again. It’s not exactly a feeding frenzy but real offers are coming […]

Real Estate Rolling Over — Everywhere

by John Rubino on August 3, 2011 · 10 comments

The double dip in the US housing market isn’t unique, based on all the similar reports popping up around the world. Here are four from yesterday: Hong Kong Home Sales at Lowest Since Early 2009 on Rates, Curbs The number of housing transactions in Hong Kong plunged to the lowest in 30 months on rising […]

The Housing Double Dip, QE3, and Gold

by John Rubino on May 25, 2011 · 26 comments

Back during the previous bubble the “Real Estate Bust” breaking news section at DollarCollapse rocked: Tons of fresh links with apocalyptic titles and lots of fish-in-a-barrel ideas for shorting the banks and home builders. Then the action fizzled. Home prices and sales stabilized, and housing seemed destined to bump along for a while, playing little […]

[Most Recent Quotes from www.kitco.com] [Most Recent USD from www.kitco.com] [Most Recent Quotes from www.kitco.com]