The Housing Bubble isn’t a Bubble- it’s a Blister. by K.K. MacKinstry It’s going to hurt when it pops. Low interest rates have reflated the housing bubble by enticing buyers to enter the market or buy bigger homes while rates are low, with the looming Fed threat that rates will rise quickly. During May 2017 …
The Housing Bubble isn’t a Bubble- it’s a Blister. Read More »
The LivingLies team The media is reporting that US housing starts, or the construction of a new house, fell more than expected in March. It is reported that buyer traffic is having the best run since 2009, and that consumers are facing stiff competition and a low supply if you’re shopping for a home. Where …
Housing Bust 2? Low- and No-Down-Payment Mortgages Surge, “Shadow Banks” Dominate Some of the same characters that played leading roles last time. The value of the US housing market has ballooned to $26 trillion. In many markets, prices exceed even the peak or the prior bubble that blew up so spectacularly. This construct is …
Housing Bust 2? Subprime No-Down-Payment Mortgages Surge, “Shadow Banks” Dominate Read More »
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“Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin. Without that reckoning, there will be no public clamor for serious reform of a financial system that was as cunningly breached as airline security at the …
