They JUST had a segment on NPR about that (8:02am) detailing the 10 of the 12 Federal Bank’s Biege Books forecasted a cooling off of the housing market. Long story short (in my opinion)- specualtion is driving the market up (see the NYTimes article a couple of weeks ago about Philly becomming the sixth burrough of New York), interest rates make it possible (you can buy more house for the payment at a lower interest rate), and the speculators are beginning to look elsewhere. The question is, will it deflate or pop?
Here’s some related bubble info online:
Attention, Speculators: Here’s a Lesson from Hong Kong’s Housing Bubble Docuticker
U.S. Housing Prices: Is there a Bubble? (Congressional Research Service) OpenCRS
Is Housing Starting to Pop? (Partisan) BOPNEWS
Krugman (NYTimes) on Housing, Jobs, and Troubling Employment Stats (Partisan) BOPNEWS
Businessweek: How Bubbly is Your Housing Market (table) Businessweek
Housing Affordability Docuticker
House Prices in America: Valuation Methodology and Findings Docuticker
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment