Sales down 20% in San Francisco, but prices soar 27% to ludicrous levels.
The Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….
And 8 of them are in which state?
Housing Bubble 2: Sales to institutional investors plunge to lowest level since 2010.
The essential ingredient in a thriving housing market is skidding inexorably in America.
Housing Bubble 2 pops in its full glory, mess ensues.
Is the blindingly magnificent housing bubble in Canada running out of steam?
Note how the show repeats itself every time.
Bank of Canada: it’s so vast and weighed down with so much debt that a “sharp correction in house prices” could take down the financial system.
This chart shows how truly screwed up this housing market really is.