Housing

How Wall Street Manipulates The Buy-to-Rent Housing Racket

by Wolf Richter •  • Comments Off on How Wall Street Manipulates The Buy-to-Rent Housing Racket

The smart money had a goal, which it now reached via the “multiplier effect” by which a small number of sales can have extreme consequences in price for the rest.

Housing Hit the Wall of Wall Street in May

by Wolf Richter •  • Comments Off on Housing Hit the Wall of Wall Street in May

It always starts with a toxic mix: Home sales plunged and inventories jumped in May. The housing market is buckling under its own inflated weight.

The untimely end of San Francisco’s Tech and Housing Bubbles

by Wolf Richter •  • Comments Off on The untimely end of San Francisco’s Tech and Housing Bubbles

“Recently, the billionaire venture capitalist Vinod Khosla went hunting for one-bedroom apartments in San Francisco….” And then he opened his mouth.

Real Economy Bites Housing Bubble 2

by Wolf Richter •  • Comments Off on Real Economy Bites Housing Bubble 2

When the home-sales curve kinked south last fall, soothsayers had some handy reasons. And it would be temporary. Month after month, they came up with new reasons. Now they’ve used up all the good ones, but sales are still tanking.

Housing Bubble 2 Already Collapsing for the 99%

by Wolf Richter •  • Comments Off on Housing Bubble 2 Already Collapsing for the 99%

This is precisely what shouldn’t have happened but was destined to happen: as prices are soaring, only luxury home sales are growing … 1% of the market! Something has to give.

Housing in Six Cities in the West

by Wolf Richter •  • Comments Off on Housing in Six Cities in the West

That’s how it always starts: with a deadly mix. Home sales are collapsing while inventories are soaring in six housing markets that had been white-hot just a few months ago.

Housing Bubble 2.0 Veers Elegantly

by Wolf Richter •  • Comments Off on Housing Bubble 2.0 Veers Elegantly

They’re not even trying to blame the weather this time. “Housing affordability is really taking a bite out of the market,” is how Leslie Appleton-Young, chief economist for the California Association of Realtors explained the March home sales fiasco. “We haven’t seen this issue since 2007.” In Southern California, the median price soared to a…

Hot Air Hisses Out Of Housing Bubble 2.0: Even Two Middle-Class Incomes Aren’t Enough Anymore To Buy A Median Home

by Wolf Richter •  • Comments Off on Hot Air Hisses Out Of Housing Bubble 2.0: Even Two Middle-Class Incomes Aren’t Enough Anymore To Buy A Median Home

Giant PE firms and REITs have become the largest landlords in the country over the last two years because “there was a moment in time where it made sense,” but now home prices are too high, the business model has collapsed, and buyers evaporate.