- After some of the largest and most rapid price increases in history, is the housing market a bubble?
- While buyers are getting in bidding wars over homes, Wall Street is dumping homebuilder stocks as fast as it can.
- Mortgage rates are on pace to double for this year, rapidly shrinking the pool of buyers who can qualify to buy homes at seller asking prices.
- Meanwhile, housing starts are nearing 2006 levels against a population that's flat to declining due to the pandemic and the opioid crisis.
- Emergency pandemic policy from the government may have distorted market signals, setting the stage for a big correction in home prices.
For further details see:
A Clear Warning Signal For The Housing Market