Brave new world
Like an isolated manic phase before an all-encompassing flameout, the real estate bubble looks increasingly like a symptom of larger long-term economic forces at work. The recession wiped out nearly two decades of Americans' wealth as if it had never existed, resetting the clock of economic progress for poor and middle class Americans to 1992. (The wealthiest Americans, of course, saw their net worth increase.)
Recent news of the stabilization of housing prices sound increasingly like news that we're simply becoming competent water-treaders. The market has transformed into something much harder than it has been since the 70s recession, although arguably it's been headed that way the whole time, buoyed by credit and lies.
Blog Archive2016-03-04 11:45:30
Utah #16 in Hottest Markets
Utah's Hot Housing Market
Things to do in Salt Lake City
Utah in Top 100 Places to Live
Housing Conditions Improve
Environmental Changes and Real Estate
MAY REPORTS SHOW MAJOR LACK IN CONFIDENCE
First Quarter Mortgage Reports
Job Losses in the Recession
The Effect of Student Loans on Housing Recovery
Delinquency & Foreclosure Rates DOWN!!
December Existing-Home Sales
Mortgage Rates Continue a Slow Climb
Home Equity in 2013
Expected Decline in Mortgage Delinquency Rate
Median Sales Price Comparison
Housing Recovery Report
Utah Employment Report Dec 2012-May 2013
Jobs Created Report
55+ Housing Market Sharp Increase Q1
Q1 2013: The Reports Are Out!!
Single Family Residences as Rentals: Rate Increase
Click here to see ALL articles.