The mystery of skyrocketing home prices has been solved

No freakin surprise to most of us…supply/demand much? But a liberal will try to spin a wild tale of it being Trumps fault.

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Buden’s illegal immigration surge triggered 30% rise in home prices, $ 20% in rents, Fed paper finds

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!=

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The economists estimate unauthorized immigrant worker flows accounted for about 30% of employment growth, roughly 30% of home-price growth, and about 20% of rent growth in the average metropolitan area between March 2021 and March 2024.

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If one assumes the paper is true, being responsible for 30% of the overall growth is nothing to sneeze at, but that’s significantly different from being responsible for growth of 30%.

Why did they skyrocket in the years before Obama Trump and Biden?

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Have we seen a correlative drop in housing prices?

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Much like gasoline, housing prices are a lot slower to go down than go up.

In this thread we have SFP pretending he knows more about the economy than the actual economists working for the Federal Reserve.

You’re making a complete arse of yourself, as you do on a daily basis, but you’re too stupid to realize it.

That is a huge price of it


So is the avg person wants a starter home to be 3000 sq ft for 2 people. They dont seem to make a rance 1400 3bd/2bath anymore

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Where do you see this?

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2024

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In December 2024, the US median asking rent continued to decline month-over-month for the seventeenth consecutive month. The national median rent was $1,695 in December, down $8 (0.5%) from November 2024 and $18 (1.1%) from December 2023 across the 50 largest metropolitan areas in the country.

Though the rent declines over the past year and five months have been consistent, they haven’t amounted to major relief from the peak level reached in July 2022. December’s figure is just 3.7% below that all-time high and still 16.0% above the mark from December 2019. The rental market has stabilized since the rapid increases of 2021-2022 faster than the for-sale market, in which listing prices just took their first significant step back this month.

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2023

2025

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Apartment rents continued their slide into the new year, as fresh supply still makes its way through the market, and landlords strive to gain pricing power over a struggling consumer.

The national median rent in January was $1,353, a drop of 1.4% compared with one year ago, according to Apartment List. This is now the fourth consecutive winter with a “pronounced” offseason dip, and is the largest annual drop since September 2023 and the lowest January rent since 2022. Rents are now 6.2% lower than their last peak in the summer of 2022.

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The peak for rental prices was 2022, similar to the crime spike that subsequently fell.

It's more efficient to rent than buy housing in most markets now. It's a big imbalance.

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You don't even understand what is being discussed

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See, that’s your problem. You’re so high on the smell of your own farts that you think you’re smarter than everyone else.


And what’s being discussed is one of the most simple principles of economics, namely the principle of supply and demand.

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2008 to 2015. Look at what happened to median home prices during this period. The Fed should’ve normalized rates by 2010 at the latest

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Banks needed to think about the shareholder.

It works great if you are a responsible person trying to buy a house. It just fricks us all 9 ways till Sunday on the price of everything else.

Takes a lot more per month to insure your 100k house at its now 250k worth.