Hacker News with Generative AI: Housing Market

Supply constraints do not explain house price, quantity growth across US cities (nber.org)
The standard view of housing markets holds that the flexibility of local housing supply–shaped by factors like geography and regulation–strongly affects the response of house prices, house quantities and population to rising housing demand.

Real Estate, Economics, Housing Market, Urban Planning, Research

222 points by pessimizer 15 days ago | 365 comments

1.1M Homeowners with Negative Equity in Q4 2024 (calculatedriskblog.com)
CoreLogic® ... today released the Homeowner Equity Report (HER) for the fourth quarter of 2024.

Real Estate, Housing Market, Economics

8 points by speckx 21 days ago | 0 comments

US home sales in 2024 fell to lowest level since 1995 (cnn.com)

Real Estate, Economy, Housing Market

8 points by mooreds 69 days ago | 7 comments

Asking rents skyrocket as LA fires destroy homes (laist.com)
Rental housing prices in L.A. are spiking as historic fires burn in Southern California, forcing thousands of residents who’ve lost homes to scramble to find a new place to live.

Real Estate, Los Angeles, Fires, Housing Market

15 points by this_weekend 81 days ago | 1 comments

US housing market is mirroring 2008 bubble–real estate analyst (newsweek.com)
The recent flood of new inventory in the U.S. housing market has brought the number of homes sitting vacant and waiting for a buyer close to levels seen only during the 2008 bubble, the real estate analyst Nick Gerli said.

Real Estate, Housing Market, Economy, Financial Crisis

32 points by madihaa 99 days ago | 30 comments

The economy is going great, except for the housing market (investopedia.com)
Amid a recent spate of data showing the economy humming along smoothly, one sector has consistently stayed out of whack and it’s a big one: housing.

Economy, Housing Market, Finance

32 points by petethomas 153 days ago | 83 comments

Why Owning (and Buying) a Florida Condo Has 'Turned into a Nightmare' (nytimes.com)
Ten years ago, Howard and Sheila Konetz bought themselves a Florida dream: an 1,820-square-foot condo in a leafy gated community north of Miami, complete with access to a country club, tennis courts and swimming pools. The $478,500 purchase would usher them into blissful semiretirement, they thought. With enough cash in the bank, the couple didn’t need a mortgage and downsized from their house in Miami Beach.

Real Estate, Florida, Housing Market

11 points by howard941 182 days ago | 9 comments

Australia housing prices, rents surge as supply shortage deepens (nikkei.com)

Australia, Housing Market, Real Estate, Economics

12 points by mikhael 219 days ago | 19 comments

For most U.S. households, buying a home isn't within reach (marketplace.org)

Real Estate, Housing Market, Economics

7 points by mooreds 225 days ago | 0 comments

8.5% of U.S. homes have an estimated value of $1M or more, a record high (wsj.com)

Real Estate, Housing Market, Economy, United States

7 points by bookofjoe 229 days ago | 8 comments

It's the land, stupid: How the homebuilder cartel drives high housing prices (thebignewsletter.com)