Housing Bubble Getting Ready to Pop with Wolf Richter #5490

<p><strong>Summary:</strong><br /> I invite Wolf Richter to join us for this episode, and he gives a complete run-down on the housing market—which is up 20-30%, and subject to fluctuate even more due to interest rates. We’re seeing that the current inclination (from the perspective of the courts) is to not foreclose on a property. In consideration of how prices have changed the housing market, a relatively small number of mortgages are affected by the price increase. Tune in for more expert knowledge on what to expect in this sector.</p> <p><strong>Highlights:</strong><br /> -Housing prices are up 20-30%; will interest rates destroy the housing market?<br /> -When you look at prices, it’s always a look back—it doesn’t mean that they will stay the same way<br /> -Mortgage applications for purchases are down 17% from a year ago<br /> -There’s going to eventually be fewer potential buyers<br /> -The inclination now is to not foreclose on a property; people get away with this by selling their property for a higher price<br /> -A relatively small number of mortgages are affected by the price increase<br /> -Rents are a much more liquid measure—especially asking rents</p> <p><strong>Useful Links:</strong><br /> <a href="https://www.financialsurvivalnetwork.com" target="_blank" rel="noopener">Financial Survival Network</a><br /> <a href="https://wolfstreet.com/" target="_blank" rel= "noopener">Wolf Street</a></p>