Here’s Shiller being his normal conservative self, saying that we will see a lot more underwater homeowners defaulting, and those foreclosures leading to additional inventory of unsold homes. But did say that his futures index is expecting a 3% annual price increase nationally for each of the next four years:
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New post (Architectural Marvel) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/05/20/architectural-marvel/
Just a flesh wound?
The real numbers presented by @calculatedrisk in today's newsletter are bonkers. When you factor in BOTH increased prices AND jumping mortgage rates, monthly P&I for home buyers is up 69% in one year in San Diego, 59% nationwide https://calculatedrisk.substack.com/p/lawler-the-sharp-increase-in-monthly?s=r 2