Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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The Spread Between New and Existing Home Prices is at Record High of Approximately $68,000 (lemmy.world)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] Lodra 1 points 5 months ago (2 children)

Huh. Looks like this also happened around 2007. The housing market crashed in 2008. I wonder if these are correlated

[–] [email protected] 4 points 5 months ago

Not really. People keep looking for similar signs from the 2007 crash to predict an upcoming one. Not saying that's what OP is doing. But the signs mean nothing if the circumstances and causes are different. 2008 was a mortgage bubble. As far as I know, there's not one now. Not that it'd be advertised though.

[–] [email protected] 1 points 5 months ago

values have already dropped 20-30% in certain counties like in Florida and Arizona, but others are too inventory tight for now.