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Whats This about a Housing Bubble?


In his recent testimony, Alan Greenspan warned against the possiblity that we have seen home prices plateau. The bursting of the "bubble" could cause a big hit to the U.S. economy. But, why should we worry?

Well, as we all know, house prices are up across the country...over 10% in the last year, including over 25% in some markets. Additionally, house prices have risen over 70% since 1994, more than double the increase of renting during that time period. Demand for houses is high, as interest rates have stayed low. This has created an investment market for houses.

Now, the average homeowner can use the equity in his/her home to finance the purchase of one or more additional houses. One statistic showed that 13% of houses are currently unoccupied, due to investors gobbling them up, hoping the prices will continue to skyrocket.

But can these prices last? Once the supply of houses exceeds demand, we could see a rapid drop in prices, as people look to sell their extra homes. Higher interest rates or falling prices could scare away potential buyers, creating a housing market crash.

Furthermore, those with Adjustable Rate Mortgages (ARMs) who figured they would only own the house for 3-4 years might now be stuck with either a high interest mortgage, or selling the home for a substantial loss.

Either way, the potential for bankrupt investors seems unnervingly real. With new laws making it harder for one to declare bankruptcy, we could become a nation with huge individual debt...and that would certainly hurt our economy.

Scott publishes and maintains Stock Market Plus, a financial blog with topics ranging from Investing to Debt Control. Visit him at http://www.stockmarketplus.com


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Forbes

7 Real Estate Tools Entrepreneurs Should Know About
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As an entrepreneur, I'm asked more about my investments in real estate than almost any other question because other entrepreneurs love to know about areas of passive income they can look into to hedge against the entrepreneurial risks they take. Last ...



Real estate transfers: Reported July 22, 2018
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Real estate transfers recorded in the office of Adams County clerk and recorder. Quincy area. Priscilla A. Moffit and Tiffany A. Nowacki, property at 1407 Cherry St., to Julie E. Nebe. Kristen L. Cook and Ryan M. Cook, property at 1501 Adams St., to ...



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29 real estate groups collaborate on talent initiative
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A collaboration of 29 real estate industry organizations has launched a website called Careers Building Communities as its first initiative to help users navigate through career paths across all sectors of real estate. The website seeks to raise ...



Omaha World-Herald

Real estate transfers, July 22
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Waterford Development LLC to Knape, John and Dewester, Gay, 7014 N. 153rd St., $32,000. Celebrity Homes Inc. to Selvaraj, David Nallathambi Thampi and Nallathambi, Abithasanthi David, 16471 Read, $299,730. Baranko Inc. to Fuller, Brian and Deborah ...
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MassLive.com

Real estate transactions for Hampden, Hampshire and Franklin counties: July 22, 2018
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Agawam. 1762 LLC, to Stuart Amusement Co., Main Street, $255,000. U. S. A. Housing & Urban Development to Lilia Aliyeva, 72-74 Riverview Ave., $200,000. Karen Brunelle and Karen M. Brunelle to Russell J. Bernard and Meredith M. Bernard, 1101 North ...



RisMedia.com (press release)

Using IGTV for Your Real Estate Business
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While in its infancy stages, IGTV is an excellent platform for listing videos, open houses and casual videos showcasing the day-to-day happenings of a real estate professional. Beyond that, real estate professionals that utilize this feature will ...



Bloomberg

Oregon Weighs Record Bond for Housing as Real Estate Prices Jump
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Metro, a municipal entity known for running the Oregon Zoo and natural areas around Portland, is asking voters in November whether they want to borrow $653 million to build and renovate housing for people priced out of the booming local real estate market.



The Tribune

Real estate is king, policy or no policy
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The business of land and property is not called 'real estate' for nothing. By now, nearly all — rich, middle class, and poor — would have realised that no other estate, whether executive, legislature or judiciary, can rein in this 'real power'. Even ...



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They made the real estate section bloom
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It could seem too much of a coincidence, at first, even for the New York Times, to feature a 4.8 million dollar home for sale outside Tel-Aviv in its International Real Estate section on July 18, 2018, the same day the Israeli Parliament passed a law ...

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Al-Bawaba

Expert Predicts up to 30 Percent Increase in Egypt's Real Estate
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Member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), Daker Abdellah, predicted that the real estate market will witness an increase of 25-30% in prices, following the government's decision to ...


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