(11-22-2018, 12:45 PM)flsprtsgod Wrote:

(11-22-2018, 12:42 PM)TJBender Wrote: There's a trend in larger markets of the number of homes for sale continuing to stay steady or climb while the number of homes sold falls off. That's more a sign of an artificial bubble getting ready to burst, though not nearly as dramatically as 10-15 years ago. When interest rates climb, as they need to, it's going to result in mortgage lenders taking several markets into phase three of a bubble: writing loans for anyone and everyone whether they can afford them or not in the name of clearing inventory. That's natural market progression, and I'd argue the feds didn't raise interest rates soon enough to keep another large bubble from forming.

Housing is out of control again. It needs to burst soon to put some equilibrium back in place.