Is the Housing Market Even Worse than it Seems?

Tags: real estate, housing market, home prices, new home sales, existing home sales, pending home sales, housing, renting Devon Thorsby is the Real Estate editor at U.S. News & World Report, where she writes consumer-focused articles about the homebuying and selling process, home improvement, tenant rights and the state of the housing market.

Courtesy of MGM The real estate crash that never seems to end appears to be getting even worse. home prices continue to go down, the number of underwater mortgages is soaring and the number of foreclosures set an all-time record in 2010. The peak of the housing market was in 2005 and the subprime mortgage crisis erupted in 2008.

Even though the housing market likely won’t be the cause of the next recession, an economic downturn would still have an impact on the US real estate sector. The housing market in the U.S. could enter a recession in under five years, with Zillow predicting that it will occur in 2020.

California’s Housing Crisis- It’s Even Worse Than You Think Matt Levin His work entails distilling complex policy topics into easily digestible charts and graphs and finding compelling original stories in data.

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The California housing crisis is even worse than we thought. According to a recent analyst report from Bankrate.com, California is the hardest state in the nation for people to buy their first home.

SUPER SHOPPING MALL The traffic movement is extremely slow with the vehicles heading from Al Barsha towards the Mall of the Emirates parking. A 3-day super sale that was announced in Dubai a few days back has resulted in.

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Why the starter home market in Greater Boston is worse than it seems. All have seen a roughly 80 percent or more drop in the number of starter home listings in the past four years, while the top ten on the list – which doesn’t include Boston, have seen housing starts fall by more than 70 percent.

The housing crisis has major repercussions for the economy. Big business is also feeling the pinch of California’s housing crisis. The McKinsey Global Institute found that housing shortages cost the economy between $143 billion and $233 billion annually, not taking into account second-order costs to health, education and the environment. Much of that is due to households spending too much of their.

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