Wolf Richter: Housing bubble getting ready to pop as mortgage applications plunge
Pieces of evidence are lining up in increasing density. Potential future homebuyers who need a mortgage have been thinning out for months. Today, another milestone:
Pieces of evidence are lining up in increasing density. Potential future homebuyers who need a mortgage have been thinning out for months. Today, another milestone:
There are curveballs in the present housing bubble as it rolls over that will cause the bursting of the bubble to be more fragmented with some rich corporate
It is happening again. More than a decade ago, we witnessed an absolutely unprecedented “housing bubble” in the United States followed by a horrific crash
Editor’s note: I’m including this older article by Wolf Richter today because it helps explain why today’s CPI does not reflect soaring rent increases that
The housing boom is over, and broader effects are beginning. The steep decline of mortgage applications due to rising mortgage rates and housing inflation means
The early stages of a housing bubble are fun for pretty much everyone. Homeowners see their equity start to rise and feel smart for having
This cycle’s main bubble is in government bonds and fiat currencies, with a dash of large-cap tech thrown in for variety. But like a hurricane
Housing is hot again, but lately it’s been overshadowed by flashier bubbles in government debt, tech stocks and possibly cryptocurrencies. Still, the warning signs are
Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as
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