
Home prices in the U.S. have climbed at a record pace during the pandemic. The median home price reached over $363,000 in June 2021, a 23.4% increase from 2020. Many of the houses are being sold above their asking price, often entirely in cash with bidding wars becoming the new norm to weed out the competition. So is America currently in another housing bubble and what are the signs that can help investors predict an oncoming crash? Watch the video to find out.
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Is The U.S. In Another Housing Bubble?
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That’s the thing “ if people can’t afford it”…. Something will have to give , that doesn’t mean a huge crash . But rent decreases and more inventory will help
Sounds like Australia too.
How much money your FED printed since 2020???? Tell me.
China will burst all bubbles world wide. Their present actions suggests they are preparing for this. You should too.
Funny how they say the market isn’t in danger today, isn’t this the exact same thing they said 2008 that the housing market is rock solid
Along with stocks, this will be remembered as the Epic Covid Bubble solely created by the Fed money printer.
My hypotesis is that single family homes have used up so much space in the last 80 years that cities have run out of real estate.
Property developers have to buy expensive land and global shortages have limited the amount of houses built thus inflating price.
If this is not sufficient US politicians (both parties ) have been trying to "fix the economy" for the last 13 years by incentivating debt, driving up prices even more.
This process of always wanting a boom is partly responsible for the rise of Trump since a part of the US population felt left out of a "booming " economy.
This mindset, when combined with the "We are the 'bestest' nation ever" mantra typical of US politics and superficial knowledge based on fundamentalized religion created Trump' s political platform.
CNBC….., like the end of the world.
Living in a single family homes is the reason for sky high prices. There just not enough of them in places people want to live. More density will allow you to more people to live in areas where they want to and reduce the competition.
What is the best way to make money from investing?
Michael?
Real estate in the U.S. is ridiculously worthless. I would be VERY suspicious of what was wrong with a house priced so insanely low. The average house price here in Vancouver, B.C. is $1,175,000 CAD ($938,000 USD).
yes i am a landlord because it is the easiest to build wealth. I own several properties. But I think there should be a limit. The Earth has finite land. Why should one man own thousands of homes when the masses are living in tents? Even as a small landlord. this ain't right. there should be a limit on the amount of properties one can own. We only sleep so much space and eat so much food in our life time.
It's a global bubble already. They fked a whole generation because of their greed back in 2008. Bubbles can't pop with cheap money. So they keep fking our generation.
im just waiting to housing bubble to pop then im investing 15-20m for usa houses. should be really good flip when you get the houses 50% less
What a dumb ad
Look at home prices in your area, in 10 years this will be considered cheap. In many parts of the country minimum wage is $15/hr that means a couple making minimum wage can afford a 250k home, and that payment is less than rent.
She neglected to mention that Marblehead is TINY. It’s a tiny town lol. So percentage wise that could be normal.
Only housing? Try groceries, foods, transport and cost of general living including rents. Price of a house is ridiculous
Meanwhile people in in Singapore: only $300k for a house!! That’s a bargain!
If you got money, there is no problem. Only those without money have a problem. Get used to it.
If you sell your soul to the devil, you too can price people out of their homes! ??
So what's going on in my market (I'm a realtor by the way) Interest rates are the lowest they'll be for a very long time. They are usually around 8 percent in a healthy economy. This makes people be able to afford much more than they would before like hundreds of thousands dollars depending on the price of the home.
Not just that but demand is still very high, we only have 4k homes on the market currently, we should have closer to 13k. New listings are where they should be, but they are flying off the shelves. The only way I can see a correction is if Interest rates skyrocket and a bunch of homes all go on the market at the same time.
If one of those happen far apart from the other nothing will really change. Interest rates imo are the most important because if prices stay the same and interest rates go up 5% affordability will go down. A lot.
Get rid of property taxes
Here’s why experts believe the U.S. is in a housing boom and not a bubble: it’s got to be a bubble when apartment rent is throw the roof and people can’t find affordable housing we need more housing so…..by building more housing supply and demand will change. More cheep housing people want have to rent expensive dumps. They can get a cheep dump and live for the next bubble.
If the media talks it is a bubble it is not
So no one knows about institutional buying which makes the price goes up
I’m in the look for a home, but just way to damn expensive for what you are going to get..
Who is going to sell when the GOVERNMENT allows forbearance?
A: Nobody
How many new homes can builders build when GOVERNMENT tells everyone to stay home?
A: Not enough to meet demand
How many urbanites will leave their cities and put more buying pressure on small rural markets due to ability to work from home?
A: Alot
Government IS the problem!
I wouldn't bid on some garbage that's only thrown up these days. In the past 7 months these construction workers close to where we live built like 10-15 homes in the 7 month period.
So they say a catastrophic event will pop the bubble wow thank goodness they say it won’t happen good thing nothing is working in the background to cause it to pop like reverse repo averaging 1 trillion dollars for the last 17 days or Congress not raising the debt ceiling b4 going on vacation till September 20 with only 3 hundred billion dollars left to spend b4 we default on our debt. I was being sarcastic this is actually happening and it will cause a lot of problems with the stock market oh and this housing bubble we’re in. These ppl won’t tell you to warn you b4 it happens bc the news doesn’t want you to know. Just like back in 2008. Be careful everyone it might happen soon.
I’ll tell you what is in a bubble… the currency we use for goods and services. Godspeed
this video is the housing equivalent of cramer's "Bear Stearns is fine"
DRUMPF
The housing bubble is absolutely predatory. Realtors and home-flippers make it impossible for the average joe to afford anything
Useless news.
full of loans, individual can't afford the price without the bank… This is so-called 'bubble'. Making bubble crash is surely on the bank's palm. All I can say is good luck to people who bought a house with full mortgage loan now.
Answer is easy and I don’t need a fortune teller to say YES ?
Marblehead, MA, is an exclusive, waterfront community. A three bed ranch, on a 10,000 square foot lot, went for 1.7million. That house was torn down, and replaced, by a home valued at: 2.4 m!
Businesses (see: the rich) are buying up houses because they are scared of inflation and the "the market". They are driving this bubble as they secure themselves for the next crash (that they've caused as well). Real people aren't behind the majority of these purchases. Between this bubble and COVID-19 renters there will be millions in the streets starting this fall. We need to be on the streets anyways; take to the streets!!
And don't even get me started on the rental market. I live in Orlando and if you wanna nice 1 bedroom apartment in a nice area then you're looking $1,500 MINIMUM! Anything below that and you're living in the hood.
Not in LA. Well over $850,000 for a small house
In Highland Park, Eagle Rock area CA 90042 a 2 bed 1 bath 80 year old hose. $850,000 +
It’s not the same as 08, there are not many subprime loans. It’s all low supply and extreme demand. There also is not much construction of affordable homes.
The bubble is not popping for a couple of years. Financial nanny state is at its best. The only way this pops is people start losing jobs. This is not happening any time soon.
I'm hoping to buy next year once prices drop