This might be the hottest housing market ever recorded. Over the past 12 months, U.S. home prices are up a staggering 19.2%. For comparison, in the years leading into the 2008 housing bust, the biggest 12-month jump was 14.5%.
Heading into 2022, real estate research firms forecasted that the ongoing housing boom would lose some steam and home price growth would decelerate. It hasn’t come to fruition—yet. Actually, if anything, this year it has gotten a bit hotter, with housing inventory on Zillow down 52% from pre-pandemic levels.
That stubbornly hot housing market now has housing economists flirting with the real estate industry’s most feared word: bubble.
“We’re not in a housing bubble just yet—but we’re skating close to one if prices continue rising at the current pace,” said George Ratiu, a housing economist at Realtor.com, in an article published last week on the home listing site….
- HAPPENING: Shooter’s Grandpa Says Someone Else Bought Him Weapons and Taught Him How to Fire
- It Is Worse Than We Thought
- Hardest landing is GUARANTEED.
- Why did the West Only Go to Shit After WW2 and Not Before?
- Barack Obama absolutely buried by Jason Whitlock.
- Leaked Document: China Preparing for Imminent War with USA Over Taiwan
- This is what happens if you give up your guns: Australia announces TWO YEARS in prison for violating COVID rules
- School shootings were rare until the government put a target on the backs of our children in 1990. What happened in 1990?
- An amusing economic indicator: Strippers say a recession is guaranteed because the strip clubs are suddenly empty
- Pretty much in all Europe is happening but mainstream media are too focused on Ukraine..