How out-of-whack is the discrepancy in growth between incomes, rents, and house prices?
But 8 markets show double-digit increases.
Dallas-Fort Worth ekes out new high, Chicago struggles, Atlanta, Minneapolis, Charlotte, Detroit, and Cleveland in charts.
New York, San Francisco condo prices fall year-over-year. Seattle flat year-over-year. After earlier declines, Denver, Boston hit new highs. Miami, Phoenix, Las Vegas try to regain nutty peaks of Housing Bubble 1.
But Texans Say, “We’re Full.” And Californians, Buckling Under Housing Costs & Congestion, Tell Wannabe Leavers, “Just Do It”
Chicago, Dallas-Fort Worth, Atlanta, Minneapolis, Charlotte, Detroit, Cleveland.
New York condos, San Francisco, SoCal, Seattle year-over-year gains shrink to near zero. Las Vegas flat for 6th month. Miami & Phoenix at post-Housing Bust highs.
Where are the foreign investors in this phenomenon?
Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years.
Why a US-Style Mortgage Crisis Can Happen Anywhere.