« previous   misc   next »

What is Killing the New US Housing Bubble?


By mbSFBay   Follow   Sun, 15 Sep 2013, 1:32am PDT   417 views   4 comments
Watch (1)   Share   Quote   Permalink   Like (1)   Dislike  

http://www.theguardian.com/money/us-money-blog/2013/sep/13/high-mortgage-interest-rates-economic-recovery

The banks still drop income requirements and down payments to get more people into high-priced homes. What could possibly go wrong? Photo: Rui Vieira/PA Picture it: a hopeful young couple wants to buy a house. They've been reading stories about a housing recovery, and interest rates are low. They start their search in the late spring. Things start to turn over the summer: as interest rates on 30-year mortgages suddenly rise to 3.5%, 3.7% and then 4%, they start to get discouraged. Eventually, they walk away and keep looking. The housing recovery dies as examples like this happen all over...

Comments 1-4 of 4     Last »

APOCALYPSEFUCKisShostikovitch   Sun, 15 Sep 2013, 1:49am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 1

Commie spew from a commie rage.

Houses are practically Free in the US compared to Westminster. There is no reason a 3/2 in Concord should not be valued at least as high as a comparable manse in Piccadilly.

Everyone knows that.

mbSFBay   Sun, 15 Sep 2013, 2:10am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 2

You will be tried for treason if you don't buy a house at over inflated prices.

P N Dr Lo R   Wed, 18 Sep 2013, 1:40am PDT   Share   Quote   Permalink   Like   Dislike     Comment 3

Maybe it needs to die, sounds like things are trying to get back to normal in spite of all the efforts to prevent it.

freak80   Wed, 18 Sep 2013, 1:49am PDT   Share   Quote   Permalink   Like   Dislike     Comment 4

What new US housing bubble? There is no such thing, at least nationally. Prices have returned to historical averages.

If the media is talking about a bubble, there isn't one. It's a bubble when everyone is bragging about how they made $200k profit flipping a shack.

mbSFBay is moderator of this thread.

Email

Username

Watch comments by email

home   top   questions or suggestions? write p@patrick.net