Hacker News with Generative AI: Housing Market

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 6 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 24 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 78 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 106 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 144 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 150 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 154 days ago | 8 comments

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