The Housing bubble appears to be going bust in U.S. tech towns including Year-over-year price declines for existing homes in San Fransisco, California. Also, Seattle, Washington is seeing the biggest 6-month home price decline since prior to the 2008 bursting of U.S. housing bubble 1.0.
San Francisco home prices are now down 5,000 from their peak from earlier in 2018 while Seattle median home prices are now down ,000 from their 2018 highs. Just like in the previous housing bubble, the big cities typically begin to fall before the rest of the county follows the leaders down.
Links to news sources discussed in the video are posted here: https://bullboom.blogspot.com/
Also, please help our channel grow by clicking like, commenting, sharing our videos and subscribing to our channel.
Thank you to all viewers and subscribers. I apologize that I do not typically have time to answer questions that are posted in comments.
Also, I cannot offer specific investment advice due to the complicated and detailed nature of everyone’s personal, unique financial and life situations. Although I usually include sources, charts, data, and links to the subject matter in my videos, the views expressed in my videos are often “one man’s opinion” and should not be taken as financial advice, in any way. I urge you to seek professional counsel and for everyone to do their own due diligence prior to making any significant decisions regarding financial and investment matters.
More info on Housing Bubble Trouble in Tech Towns, Home Prices Drop Big in Seattle & San Francisco
-
China fears overseas market ‘bubble’; German exports to UK down 30% in January – business live
The average price of a home rose by 0.7% to £231,068, the highest on record, more than reversing January’s 0.2% drop, said Nationwide ... are moving out of big cities to smaller towns or ...
-
Braves Report Major Revenue Drop, Operating Losses In 2020
Since the Braves are owned by the publicly-traded Liberty Media corporation, they are the only team in baseball required to disclose their finances, providing some insight into how the COVID-19 ...
-
Weekly Commentary: Regime Change
After expanding its balance sheet by $3.4 TN over the past year - and stoking an epic mania and other Bubble ... New home prices in 70 major cities, excluding state-subsidized housing, rose ...
-
Bank of Canada warns buyers of 'early signs' of overheating in housing market
Not only did technology-related employment not fall as far, but the demand for tech ... housing market and think about how to contain a housing bubble that could lead to future trouble. "When we see ...
-
Housing Market Stayed Hot in January as Home Prices Rose 14% and Sales Surged 20%
This also marks the largest year-over-year drop on record, and the 18th-straight month of declines. Measures of competition such as time on market and the share of homes sold above list price ...
-
Price of a detached house grows three times faster than a flat as Covid makes the property ladder harder to climb
The price of a detached house shot ... a further £84,774 to own a semi-detached home. So are flat owners who might be looking to sell in trouble? Tom Bill, head of UK residential research ...
-
The Green Bubble
Thus, calls for more regulation of Big Tech ... cities, and 25 percent had to be for loans that had been made to low-income and very low-income borrowers. The call for “social justice” had taken over ...
-
All Metro Areas Saw Home Prices Rise During Fourth Quarter of 2020
Single-family existing-home prices rose in all measured metro areas in the fourth quarter. Eighty-eight percent of metro areas had double-digit price gains. The monthly mortgage payment on a ...
-
The 10 most romantic homes you can buy right now
Sleepless in Seattle This houseboat on the Sound is tiny compared to most of the other homes on the list, but the price ... a view The Big Apple shows it's romantic side with drop-dead gorgeous ...
-
In First Tie-Breaking Vote, Kamala Harris Helps Senate Dems Pass Budget Resolution
A pandemic housing bubble ... cities) around the U.S. are more than 10% overvalued. Among the 20 largest metro areas nationwide, Las Vegas was the most overvalued, with Fitch estimating that home ...
-
Inside San Francisco's housing crisis
Moretti's research into housing affordability found that tech growth in cities like Seattle ... bubble burst in the late 1990s, leading to an exodus of tech workers from the city. Rent prices ...