recession

Housing Market Cools, Home Prices Too High

Housing Market Cools, Home Prices Too High

The affordability of starter-homes has hit a decade low and Bloomberg says that the US housing market is cooling because prices are just too high. First time buyers need 23% of their income to purchase a home. Just a year ago that figure was 21%. The cost of these starter homes is the highest it has been since the housing bubble blew up back in 2008. 

Banking Deregulation, Apartment Supply, RECon, and the 2020 Recession

Banking Deregulation, Apartment Supply, RECon, and the 2020 Recession

(Bloomberg)—Mark your calendar. The next U.S. recession will begin in 2020, a survey says.

More than half of the 105 real estate experts and economists in the quarterly survey by housing data provider Zillow and research firm Pulsenomics LLC point to “monetary policy as the likeliest cause.”

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