Economy cats, for the past month or two my YouTube algo has been serving up tons of housing bubble incoming videos and I haven't watched any of them but there's a lot of them. So is there anything to it or is it just a psyop?
housing prices are very sticky. nobody is buying right now. it's all tied to mortage rates. nobody wants a new 7% mortgage because they saw all the 2.5% mortgages flying off the shelves during and coming out of covid. people lucky enough to have locked in those sweet rates aren't going to sell because they can't replicate that rate. once mortgage rates drop to sub 6% home sales will heat back up. If by "bubble" they mean housing prices are going to materially go down then I'd say you can safely ignore them. homes (at least the ones you live in) are illiquid and people are very hesitant to take a loss on them, they will just continue to live in them.
Agree with all of this. It’s a crazy circular phenomenon right now…no one is selling because they simply do not want to buy. Meanwhile starter home buyers are getting mumped in every hole non-consensually.
Mid-to-late 2026 has long been on my calendar to sell one or more properties (last kid exits high school, and need to unload my folks’ small ranch house in Topeka). Would be super convenient for me if the rape of would-be home buyers hung on a bit longer.
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