Housing market reminiscent of 2006 bubble, ready to burst – Nobel Prize-winning economist Shiller

The weakening housing market is similar to the last market high, just before the subprime housing bubble burst a decade ago, says famed housing-watcher Robert Shiller. The economist, who predicted the 2007-2008 crisis, told Yahoo Finance that current data shows “a sign of weakness.” Housing pivots take more time than those in the stock market, […]

Property UK: Brexit uncertainty has mixed affect on housing market across the UK

If a property is purchased with a mortgage, a surveyor’s valuation is required by the lender (Image: Jeremy Walker/Getty Images) Now, a report this morning from the Royal Institution of Chartered Surveyors (RICS) highlights just how much of an influence Carney’s remarks have had on consumers who were actively considering moving home last month, and […]

Brazil National Museum housing 20mn+ exhibits devoured by massive blaze (PHOTOS)

The National Museum of Brazil in Rio de Janeiro has been hit by a massive fire on Sunday night, with images from the scene showing the entire building engulfed in flames. The cause of the blaze is unknown so far. No-one was injured in the fire, which started after the museum was closed for the […]

San Francisco’s housing market is so out of control, 60% of tech workers say they can’t afford homes

HBO The San Francisco Bay Area’s housing market is so bleak, even tech workers are struggling to buy a home there. A survey by Blind found that 59% of employees at Bay Area tech companies said they cannot afford homes. Cisco, eBay, and Intuit had the highest percentage of employees who said home ownership is […]

Property house prices: UK housing stock at 'record low' as homeowners delay for Brexit

The property market has seen house prices in the UK in April experience slower growth compared to March as Brexit looms. The latest report, which takes into account the UK housing market in 2018, has seen growth dwindle as estate agents report a fall in homeowners buying and selling their properties. The report contains an […]

A ‘self-fulfilling prophecy’ is making the housing market more hellish for first-time buyers

Drew Angerer/Getty The share of Americans who think now is a good time to buy because home prices won’t fall is at a record high, according to the University of Michigan’s consumer sentiment survey. This is creating a self-fulfilling prophecy that’s making housing more unaffordable for first-time buyers, according to David Rosenberg, Gluskin Sheff’s chief […]

Silicon Valley’s housing market is so dire, a burned-out home just sold way over the asking price — for $938,000

Redfin screenshot The San Francisco Bay Area is one of the most expensive housing markets in America. Case in point: A fire-ravaged home in San Jose, California, has sold well over asking for $ 938,000. The home will need to be demolished.   It’s no secret that buying a home for under $ 1 million […]