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Category Archives: United States housing market correction

DiMartino Booth Warns Pressure On US Households Is Intensifying

Authored by Danielle DiMartino Booth, Behind the rosy economic headlines, consumer stresses have continued to build and are likely to worsen… Is the U.S. economy enjoying a honeymoon, or is this merely a hiatus? Although this isn’t a subject of discussion among most economists, there will be both good and bad associated with three hurricanes […]

Toronto Housing Market Implodes: Prices Plunge Most On Record

Until mid 2017, it appeared that nothing could stop the Toronto home price juggernaut: And yet, In early May we wrote that “The Toronto Housing Market Is About To Collapse“, when we showed the flood of new home listings that had hit the market the market, coupled with an extreme lack of affordability, which as […]

Did the Sub-Prime 2.0 Bubble Just Burst?

As you know, we’ve been tracking the sub-prime auto-loan industry closely. Our view is that this industry represents the worst of the worst excesses of our current credit bubble, much as the subprime mortgage industry represented the worst of the worst in excess for the Housing Bubble. For this reason, we refer to sub-prime auto-loans […]

What Housing Recovery? Real Home Prices Still 16% Below 2007 Peak

Since the financial crisis, home equity has gone from being America’s biggest driver of (illusory) wealth to one of the biggest sources of economic inequality. And while the post-crisis recovery has returned the national home price index to its highs from early 2007, most of this rise was generated by a handful of urban markets […]

“Stressed” Australians Struggle With Record Debts As Housing Market Overheats

Australians are dialing back their spending on everything from clothes to cars as sky-high housing costs, the result of a housing bubble fueled by Chinese buyers, threaten to finally derail the country’s twin asset bubbles – housing and stocks. But rising mortgage debt isn’t the only thing squeezing Australian customers, as Reuters reports. Inflation on […]

The Biggest Real Estate Bubble Of All Time Just Did The Impossible

One month ago, we said that “the Vancouver housing bubble Is back, and it’s (almost) bigger than ever.” Fast forward to today, when we can scrap the almost part: according to the latest data from the Real Estate Board of Greater Vancouver, nearly a year after British Columbia implemented a 15% property tax targeting foreign […]

Relax, There Is No Housing Bubble

Visit Full Archives At The Entry Points   Three heavy hitters in real estate – Darius Bozorgi, Veros CEO, Mike Fratantoni, Mortgage Bankers Association chief economist, and Douglas Duncan, Fannie Mae chief economist – all agree, “There is no housing bubble“. These real estate experts are all in agreement, and they believe the relentless house price […]

Mauldin Warns The Next Recession May Be A Complete Reset Of All Asset Valuations

Authored by John Mauldin via MauldinEconomics.com, Sometime this year, world public and private plus unfunded pensions will surpass $300 trillion. That is not even counting the $100 trillion in US government unfunded liabilities. Oops. These obligations cannot be paid. A time is coming when the market and voters will realize this. Will voters decide to […]

The Vancouver Housing Bubble Is Back, And It’s (Almost) Bigger Than Ever

For a while it seemed that the Vancouver housing bubble, the direct result of a relentless tidal wave of Chinese “hot money”, had burst after last August the British Columbia province implemented a 15% property tax to stem the inflow of offshore funds. And indeed, in the immediate months that followed, Vancouver’s housing priced tumbled […]

Multiple Bubbles Are Going To Bring America To Its Knees: “The Warning Signs Are There”

Authored by Daniel Lang via SHTFplan.com, If you’ve been paying attention to the ongoing degradation of the American economy since the last financial crisis, you’re probably flabbergasted by the fact that our economy has managed to make it this far without imploding. I know I am. I find myself shocked with every year that passes […]