Relevant:
- Rising home values in the face of stagnant incomes -- Home prices are rising at a rate three times faster than the CPI. Lowest available inventory in over 30 years.
- The monster lurking in the shadow inventory -- 12 million Americans underwater with nearly 6 million delinquent or in foreclosure
- Where did all the real estate inventory go? -- Orange County inventory down 29 percent over the last year and sales are up 25 percent. What is causing the current market dynamic in Orange County?
- Are we seeing an echo housing bubble in California? The low inventory low interest rate mania. The psychology of buying in a perpetual bubble machine.
- The swan song of stagflation -- Gas prices up over 100 percent from 2005 and incomes are stagnant. Ignoring a $16 trillion debt headline and repackaging food to hide stagnant incomes.
2012-09-25 — doctorhousingbubble.com
The Fed/GSEs are essentially the only game in town when it comes to mortgages. With the Fed going with QE3 we are witnessing the reality that each new program must be more and more dramatic just to maintain the status quo. Why are higher home values good when incomes are moving nowhere and quality of life is being eaten away?
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