What will Housing Bubble 2 do when mortgage rates hit 6%?
Chicago rents collapse, New York’s swoon, Southern California’s boom. And the US average hides all the drama on the ground.
4.73% now. 5% in a few weeks. Then 6%.
Millennials can go to the Fed and complain.
Condo price volatility causes whiplash. But the house price surge is just crazy.
Update on the 100 most expensive cities. A story of deep-red and big surges.
Some flat spots disappear, new ones form.
A lot, as the co-founder of YouTube is finding out.
A whole industry has sprung up on both sides of the Pacific to dodge the rules on both sides of the Pacific.