Analysis of information sources in references of the Wikipedia article "تعديل سوق الإسكان في الولايات المتحدة" in Arabic language version.
The home-price bubble feels like the stock-market mania in the spring of 1999, just before the stock bubble burst in early 2000, with all the hype, herd investing and absolute confidence in the inevitability of continuing price appreciation. My blood ran slightly cold at a cocktail party the other night when a recent Yale Medical School graduate told me that she was buying a condo to live in Boston during her year-long internship, so that she could flip it for a profit next year. Tulipmania reigns.Plot of inflation-adjusted home price appreciation in several U.S. cities, 1990–2005
There has never been a run up in home prices like this.
Once a price history develops, and people hear that their neighbor made a lot of money on something, that impulse takes over, and we're seeing that in commodities and housing ... Orgies tend to be wildest toward the end. It's like being Cinderella at the ball. You know that at midnight everything's going to turn back to pumpkins & mice. But you look around and say, 'one more dance,' and so does everyone else. The party does get to be more fun—and besides, there are no clocks on the wall. And then suddenly the clock strikes 12, and everything turns back to pumpkins and mice.
Welcome to the dead zone: The great housing bubble has finally started to deflate, and the fall will be harder in some markets than others.
{{استشهاد بخبر}}: تحقق من التاريخ في: |تاريخ الوصول= (مساعدة){{استشهاد ويب}}: الوسيط |title= غير موجود أو فارغ (مساعدة){{استشهاد ويب}}: الوسيط |title= غير موجود أو فارغ (مساعدة)Leslie Appleton-Young is at a loss for words. The chief economist of the California Assn. of Realtors has stopped using the term 'soft landing' to describe the state's real estate market, saying she no longer feels comfortable with that mild label. ... 'Maybe we need something new. That's all I'm prepared to say,' Appleton-Young said Thursday. ... The Realtors association last month lowered its 2006 sales prediction. That was when Appleton-Young first told the San Diego Union-Tribune that she didn't feel comfortable any longer using 'soft landing.' 'I'm sorry I ever made that comment,' she said Thursday. ... For real estate optimists, the phrase 'soft landing' conveyed the soothing notion that the run-up in values over the last few years would be permanent.
This is the biggest housing slump in the last four or five decades: every housing indicator is in free fall, including now housing prices.
{{استشهاد ويب}}: تحقق من التاريخ في: |تاريخ الوصول= (مساعدة) والوسيط |title= غير موجود أو فارغ (مساعدة)Reports of falling sales and investors stuck with properties they can't sell are just the beginning. Property owners should worry; so should their lenders.
Part of the rise in housing values since 2000 was justified given the fall in interest rates, but at this point the overall market value of housing has lost touch with economic reality. And there's a nasty correction ahead.
A variety of experts now say, the housing industry appears to be moving from a boom to something that is starting to look a lot like a bust
Alan Greenspan, the United States' central banker, warned American homebuyers that they risk a crash if they continue to drive property prices higher. ... On traditional tests, about a third of U.S. local homes markets are now markedly overpriced.
{{استشهاد ويب}}: تحقق من التاريخ في: |تاريخ الوصول= (مساعدة) والوسيط |title= غير موجود أو فارغ (مساعدة){{استشهاد ويب}}: الوسيط |title= غير موجود أو فارغ (مساعدة){{استشهاد ويب}}: الوسيط |title= غير موجود أو فارغ (مساعدة)There has never been a run up in home prices like this.
Alan Greenspan, the United States' central banker, warned American homebuyers that they risk a crash if they continue to drive property prices higher. ... On traditional tests, about a third of U.S. local homes markets are now markedly overpriced.
Once a price history develops, and people hear that their neighbor made a lot of money on something, that impulse takes over, and we're seeing that in commodities and housing ... Orgies tend to be wildest toward the end. It's like being Cinderella at the ball. You know that at midnight everything's going to turn back to pumpkins & mice. But you look around and say, 'one more dance,' and so does everyone else. The party does get to be more fun—and besides, there are no clocks on the wall. And then suddenly the clock strikes 12, and everything turns back to pumpkins and mice.
A significant decline in prices is coming. A huge buildup of inventories is taking place, and then we're going to see a major [retrenchment] in hot markets in California, Arizona, Florida and up the East Coast. These markets could fall 50% from their peaks.
Part of the rise in housing values since 2000 was justified given the fall in interest rates, but at this point the overall market value of housing has lost touch with economic reality. And there's a nasty correction ahead.
Welcome to the dead zone: The great housing bubble has finally started to deflate, and the fall will be harder in some markets than others.
The home-price bubble feels like the stock-market mania in the spring of 1999, just before the stock bubble burst in early 2000, with all the hype, herd investing and absolute confidence in the inevitability of continuing price appreciation. My blood ran slightly cold at a cocktail party the other night when a recent Yale Medical School graduate told me that she was buying a condo to live in Boston during her year-long internship, so that she could flip it for a profit next year. Tulipmania reigns.Plot of inflation-adjusted home price appreciation in several U.S. cities, 1990–2005
Reports of falling sales and investors stuck with properties they can't sell are just the beginning. Property owners should worry; so should their lenders.
A variety of experts now say, the housing industry appears to be moving from a boom to something that is starting to look a lot like a bust
{{استشهاد بخبر}}: تحقق من التاريخ في: |تاريخ الوصول= (مساعدة)Leslie Appleton-Young is at a loss for words. The chief economist of the California Assn. of Realtors has stopped using the term 'soft landing' to describe the state's real estate market, saying she no longer feels comfortable with that mild label. ... 'Maybe we need something new. That's all I'm prepared to say,' Appleton-Young said Thursday. ... The Realtors association last month lowered its 2006 sales prediction. That was when Appleton-Young first told the San Diego Union-Tribune that she didn't feel comfortable any longer using 'soft landing.' 'I'm sorry I ever made that comment,' she said Thursday. ... For real estate optimists, the phrase 'soft landing' conveyed the soothing notion that the run-up in values over the last few years would be permanent.
This is the biggest housing slump in the last four or five decades: every housing indicator is in free fall, including now housing prices.
A significant decline in prices is coming. A huge buildup of inventories is taking place, and then we're going to see a major [retrenchment] in hot markets in California, Arizona, Florida and up the East Coast. These markets could fall 50% from their peaks.