{"id":18710,"date":"2022-05-15T04:37:57","date_gmt":"2022-05-15T11:37:57","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18710"},"modified":"2022-05-15T04:37:57","modified_gmt":"2022-05-15T11:37:57","slug":"2023-housing-bubble-or-2024-real-estate-boom","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18710\/2023-housing-bubble-or-2024-real-estate-boom\/","title":{"rendered":"2023 Housing Bubble or 2024 Real Estate Boom?"},"content":{"rendered":"

Zillow “creates” digital home valuations and The Fed “creates” digital currency so it’s not like we are dealing with credible institutions BUT:<\/p>\n

The Dallas Fed is worried that housing is overvalued<\/a>.<\/p>\n

Our evidence points to abnormal U.S. housing market behavior for the first time since the boom of the early 2000s. Reasons for concern are clear in certain economic indicators\u2014the price-to-rent ratio, in particular, and the price-to-income ratio\u2014which show signs that 2021 house prices appear increasingly out of step with fundamentals.<\/em><\/p>\n

Zillow predicts continued housing price appreciation<\/a><\/p>\n

No, and in fact, the expectation of another crash could contribute to keeping homes so unaffordable. Builders have been firing on all cylinders, and with\u00a0more homes under construction<\/a>\u00a0than any time since 1973, they understandably feel exposed in the event of a housing downturn. If they trim their construction plans out of caution, we will miss out on one of the best hopes we have for net new inventory on the market, and the inventory crunch that\u2019s helped push prices up will persist for longer than expected.<\/em><\/p>\n

Pick your poison but keep these two things in mind:\u00a0 The Fed created this housing “boom” and Zillow executives aren’t practicing<\/a> what its economists are preaching<\/p>\n","protected":false},"excerpt":{"rendered":"

Zillow “creates” digital home valuations and The Fed “creates” digital currency so it’s not like we are dealing with credible institutions BUT: The Dallas Fed is worried that housing is overvalued. Our evidence points to abnormal U.S. housing market behavior for the first time since the boom of the early 2000s. Reasons for concern are […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-18710","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1962,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1962\/is-greenspan-to-blame-for-the-housing-crisis-and-if-he-is-is-this-entirely-a-bad-thing\/","url_meta":{"origin":18710,"position":0},"title":"Is Greenspan to Blame for the Housing Crisis? And, if he is, is this entirely a bad thing?","author":"Greg Swann","date":"September 23, 2007","format":false,"excerpt":"The second half of a US News dyscomium on Alan Greenspan's Fed:The global spread of capitalism has increased inflation-dampening competition throughout the world and allowed investors to accept lower yields when investing in bonds. What's more, globalization has boosted incomes, in Asia and beyond. That has expanded the pool of\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17117,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17117\/overnight-news-why-would-the-worlds-dumbest-real-estate-investor-hire-himself-as-his-own-broker-because-the-emperor-is-definitely-not-naked\/","url_meta":{"origin":18710,"position":1},"title":"Overnight News: Why would the world\u2019s dumbest real estate investor hire himself as his own broker? Because the emperor is definitely not\u00a0naked!","author":"Greg Swann","date":"September 24, 2020","format":false,"excerpt":"Yesterday's big news? \u201cThe Incumbent\u201d doubles down on dipshit. Dipshit-aficionados rejoice. Housing Wire: Home prices post record two-month gain, FHFA says. CTRL-F 'riot'; not found. Redfin: Sacramento, Austin and Phoenix Are the Most Popular Destinations For People Searching For Homes Outside Their Metro Area. CTRL-F 'riot'; not found. Housing Wire:\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18592,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18592\/overnight-news-zillow-ceo-rich-barton-the-worlds-richest-dipshit-real-estate-investor-leaves-ruin-as-his-legacy\/","url_meta":{"origin":18710,"position":2},"title":"Overnight News: Zillow CEO Rich Barton, the world\u2019s richest dipshit real estate \u201cinvestor,\u201d leaves ruin as his\u00a0legacy.","author":"Greg Swann","date":"November 11, 2021","format":false,"excerpt":"As previously dreaded, Zillow CEO Rich Barton is electing to leave devastation behind him, as he demonstrates to everyone's dismay that he is by far the world's worst real estate \"investor.\" \"The Incumbent\" said everything it takes to get an \"investor\" ejected from my car \u2013 the clueless things people\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17835,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17835\/overnight-news-why-johnny-5-cant-close-no-rainmaker-no-rain\/","url_meta":{"origin":18710,"position":3},"title":"Overnight News: Why Johnny 5 can\u2019t close: No rainmaker, no\u00a0rain.","author":"Greg Swann","date":"February 11, 2021","format":false,"excerpt":"How lame is real estate marketing? Zillow is making money with this for a tagline: \"When you\u2019re ready for a change, we\u2019re ready to help.\" Of course, they're not selling to the public. Check the MLS: They're terrible at selling houses. But at the boiler-room huckstering of gullible self-bankrupting real\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17096,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17096\/a-fun-fact-about-ibuyers-every-buy-box-is-redlining\/","url_meta":{"origin":18710,"position":4},"title":"A fun fact about #iBuyers? Every buy-box is redlining.","author":"Greg Swann","date":"September 22, 2020","format":false,"excerpt":"The image is a map of Zillow's sold iBuyer homes in the densest parts of Metropolitan Phoenix. See that Madonana-like shape running West from the I-17 Freeway. Looks like a pregnant single-mom, doesn't it? The poster-child of fair-housing law, right there on the map. Looks like redlining, doesn't it? I've\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/Screen-Shot-2020-09-22-at-9.57.47-AM.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18119,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18119\/overnight-news-if-zillow-can-lose-30000-per-investment-in-the-hottest-sellers-market-ever-how-much-can-it-squander-once-the-market-turns\/","url_meta":{"origin":18710,"position":5},"title":"Overnight News: If Zillow can lose $30,000 per \u201cinvestment\u201d in the hottest seller\u2019s market ever, how much can it squander once the market\u00a0turns?","author":"Greg Swann","date":"May 7, 2021","format":false,"excerpt":"Zillow's first-quarter results are out, and the message is plainly obvious: Milk the idiots, but don't be the idiot. They won't learn. The only successful \"disruption\" in proptech, so far at least, belongs to Zillow: They replaced supermarket real estate magazines with the Zestimate\u2122. The difference is, the sleazoids who\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18710"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18710\/revisions"}],"predecessor-version":[{"id":18711,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18710\/revisions\/18711"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}