4 ms·

similar trend in new york, I think housing prices reached their peak in 2018 and so far they are either flat or slightly falling. in some parts of the country t

similar trend in new york, I think housing prices reached their peak in 2018 and so far they are either flat or slightly falling. in some parts of the country they are not even back at pre 2008 levels, in other parts they have passed pre 2008 levels just recently. sounds about right. now lets wait for that market correction that 75% analysts predict will happen in next 2 years to happen

soVeryTired 8y ago
> similar trend in new york Similar trend all over the english-speaking world. UK: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/january2019 https://www.ons.gov.uk/economy/inflationandpriceindices/bull... Ireland: https://www.daft.ie/report/2018-Q4-houseprice-daft-report.pdf https://www.daft.ie/report/2018-Q4-houseprice-daft-report.pd... Canada: https://housepriceindex.ca/#maps=c11 https://housepriceindex.ca/#maps=c11 Australia: https://tradingeconomics.com/australia/housing-index https://tradingeconomics.com/australia/housing-index My best guess is it's a rising interest rates thing. My second-best guess is that something has kicked off in China and it's slowly rippling through the world.
- YeahSureWhyNot 8y ago
  didnt Australia have soft crash this year?
  - soVeryTired 8y ago
    I think they're down about 5% year on year, but after routine gains of 5% - 10% a year, I wouldn't really call that a soft crash. We'll see what happens in the coming months.
    - onlyrealcuzzo 8y ago
      It's not the percentage amount that matters, it's the rate of change -- which is enormous.
roguecoder 8y ago
New York's trends are being driven by people playing the market, rather than homeowners, and those folks trying to cash out: https://wolfstreet.com/2019/02/11/liquidity-in-new-york-citys-housing-market-dries-up/ https://wolfstreet.com/2019/02/11/liquidity-in-new-york-city... I wonder if similar dynamics are at play around here.

soVeryTired 8y ago

> similar trend in new york Similar trend all over the english-speaking world. UK: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/january2019 https://www.ons.gov.uk/economy/inflationandpriceindices/bull... Ireland: https://www.daft.ie/report/2018-Q4-houseprice-daft-report.pdf https://www.daft.ie/report/2018-Q4-houseprice-daft-report.pd... Canada: https://housepriceindex.ca/#maps=c11 https://housepriceindex.ca/#maps=c11 Australia: https://tradingeconomics.com/australia/housing-index https://tradingeconomics.com/australia/housing-index My best guess is it's a rising interest rates thing. My second-best guess is that something has kicked off in China and it's slowly rippling through the world.

YeahSureWhyNot 8y ago
didnt Australia have soft crash this year?
- soVeryTired 8y ago
  I think they're down about 5% year on year, but after routine gains of 5% - 10% a year, I wouldn't really call that a soft crash. We'll see what happens in the coming months.
  - onlyrealcuzzo 8y ago
    It's not the percentage amount that matters, it's the rate of change -- which is enormous.

roguecoder 8y ago

New York's trends are being driven by people playing the market, rather than homeowners, and those folks trying to cash out: https://wolfstreet.com/2019/02/11/liquidity-in-new-york-citys-housing-market-dries-up/ https://wolfstreet.com/2019/02/11/liquidity-in-new-york-city... I wonder if similar dynamics are at play around here.