Realtor: Party is over. For many speculators, hangover is next.
Instead of a home, let them buy toxic, rent-based, synthetic structured securities.
What is going on in this glorious housing market of ours?
The bitter irony of the Fed’s handiwork.
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.