Housing Market Warning: New Home Prices May Have Already ToppedI’ve been watching the long-term chart of median sales prices for new homes in the United States, and I believe the housing market is beginning to flash a serious warning.
The chart is very different from what we saw during most of the last 40 years. New-home prices went almost parabolic after 2020
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Housing Market Boom / Crash Statistical AnalysisHousing market's median home value (for new homes) peaked 2 months ago at $457k.
Total growth leading up to that point over the last 59 years, since 1963, was $439.3k.
The last two years accounts for a significant portion of all growth, while the last two growth periods displayed more growth t
FOMO house buyers will feel the interest rate hikesAs we all know from econ 101, house prices increase as interest rates are lowered. This can be seen with house prices increasing upwards of 25% after effective federal funds rates were dropped to 0-0.25%. Due to people FOMOing into the housing market and forgoing any and all inspections, the housing
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