The Housing Bubble Blog

A weekend topic starting with the Epoch Times. "The Federal Reserve adopting a loose monetary policy—slashing interest rates and buying Treasurys—for an extended period can lead to 'financial turmoil' several years later, the central bank stated in a new paper. Economists at the Fed Bank of San...

https://www.youtube.com/watch?v=yv3zhmjcGRY https://www.youtube.com/watch?v=nef8mKV_nnk https://www.youtube.com/watch?v=b4WcVDAHFSk

It's Friday desk clearing time for this blogger. "Silicon Valley Bank lost $1.8 billion in the sale of U.S. treasuries and mortgage-backed securities that it had invested in, owing to rising interest rates. The bank is also contending with shrinking customer deposits, given that its customer base...

https://www.youtube.com/watch?v=b2e3tauXPJ0 https://www.youtube.com/watch?v=lJOT8vsX3QQ https://www.youtube.com/watch?v=vsrM_7shhKU https://www.youtube.com/watch?v=s0X5PgRRQ3k

A report from Yahoo Finance. "To say home refinancing activity is a sliver of what it was two years ago is no exaggeration. 'Lenders are hurting. We still see layoffs on a monthly basis,' Jason Sharon, owner and broker at Home Loans Inc., told Yahoo Finance. 'Applications are nowhere [near where...

https://www.youtube.com/watch?v=wf3ibEfNooc https://www.youtube.com/watch?v=81cX_2JbUI8 https://www.youtube.com/watch?v=fbezzCWjt9Q https://www.youtube.com/watch?v=uyL36b8_ZoE

A report from the Orange County Register. "When times get tough in homes sales, watch what the homebuilders are doing. Take Landsea Homes, a small builder that blossomed in California. It’s moving its headquarters to Texas as part of a nationwide growth plan. But the relocation also comes as...

https://www.youtube.com/watch?v=x-WJuATot9Y https://www.youtube.com/watch?v=82dSh3wNVfI https://www.youtube.com/watch?v=-1W6wfYvgI8

A report from the Orange County Register in California. "Orange County’s more affordable housing has been hit harder by the home-price collapse coming off May 2022’s pandemic-fueled bubble. The countywide median selling price was $950,000 in January, according to CoreLogic. That’s off 10% from the...

https://www.youtube.com/watch?v=9lE8tzbuDC4 https://www.youtube.com/watch?v=vpRHtsKYBrM https://www.youtube.com/watch?v=zFCMxwVMAMA https://www.youtube.com/watch?v=JMSGuKFIGnE https://www.youtube.com/watch?v=A8U-yh48gb0

A report from Business Insider. "Home rehabbers are quickly finding that the once-reliable method known as 'BRRRR' — short for buy, rehab, rent, refinance, and repeat — has become much riskier as home prices in hot pandemic markets fizzle out and 30-year mortgage rates reach the 7% threshold. But a...

https://www.youtube.com/watch?v=j7GfV6YFJoM https://www.youtube.com/watch?v=dCpLl_uO4cs

A report from the Denver Post in Colorado. "Metro Denver single-family home prices, after dancing between an annual loss and gain in January, crossed over to the dark side with both feet in February. The median price of a single-family home sold in metro Denver last month was $600,000, down 5.7%...

https://www.youtube.com/watch?v=YLRjVNZLHEQ https://www.youtube.com/watch?v=lv4jZcaWJ2o https://www.youtube.com/watch?v=4F-HCww8xfU https://www.youtube.com/watch?v=lYLd7OCVw-E

A report from Yahoo Finance. "Goldman Sachs is out with a new note revealing that of the largest 25 metro areas nationwide, four of them, Austin, Seattle, San Francisco, and Phoenix-- you're looking at them on your screen there-- have higher inventory levels in pre-pandemic, and they're actually...

https://www.youtube.com/watch?v=bY0kr8Vn-8g https://www.youtube.com/watch?v=ify7Y57IxLk

It's Friday desk clearing time for this blogger. "There are about 250,000 more homes for sale around the country than there were at this time last year, Realtor.com’s study says. Compared to January 2022, active listings are up 65%. Ogden, Utah: Year-over-year active listings increase: 392%....

https://www.youtube.com/watch?v=ZWGCCekTlgo https://www.youtube.com/watch?v=NFDBd3lvKbM&t=86s https://www.youtube.com/watch?v=Mk0EbKIVn8I

A report from CNBC. "Diana Olick: Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Applications to refinance a home loan fell 6% for the week and were 74% lower year over year. Lower rates to start the...

https://www.youtube.com/watch?v=TAbSeTdcevg https://www.youtube.com/watch?v=-AFU1dM1x9Q https://www.youtube.com/watch?v=3IBBKNR0dKY https://www.youtube.com/watch?v=ZPy5bPz3rqY https://www.youtube.com/watch?v=oA2_o6UctBQ