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What is Killing the New US Housing Bubble?

By mbSFBay   2013 Sep 15, 1:32am   ↑ like (1)   ↓ dislike   734 views   4 comments   watch (1)   share   quote  

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...

#housing

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1   APOCALYPSEFUCKisShostikovitch   2013 Sep 15, 1:49am  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

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.

2   mbSFBay   2013 Sep 15, 2:10am  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

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

3   P N Dr Lo R (17/17 = 100% civil)   2013 Sep 18, 1:40am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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

4   freak80   2013 Sep 18, 1:49am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

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