“How can the housing market keep growing in 2025?”

From JP Morgan:

The outlook for the US housing market in 2025

The U.S. housing market is likely to remain largely frozen through 2025. Some growth is still expected, but at a very subdued pace of 3% or less. Demand — often understood through existing home sales (EHS) — remains exceptionally low. And though housing inventory is creeping back up, it still remains below the historical averages. 

“Existing homes for sale have reverted to more normalized levels across several key Metropolitan Statistical Areas (MSAs), and new homes have become fairly plentiful,” said Michael Rehaut, head of U.S. Homebuilding and Building Products Research at J.P. Morgan. “New homes for sale are at 481K, the highest level since 2007, and speculative homes for sale are at 385K, the highest since 2008. These metrics are roughly 50%/40% respectively above long-term averages. Supply should be less of a support for the housing market in 2025.” Nationally, single-family existing homes for sale are up roughly 20% year-over-year, but the number remains near record lows, around 20-30% below prior troughs.

But another key issue is at play, which is restraining supply more than any potential underbuilding. People are staying put for longer due to high interest rates, so housing stock is not being freed up. “The lack of supply is primarily a lock-in issue,” said John Sim, head of Securitized Products Research at J.P. Morgan. “More than 80% of borrowers are 100 basis points (bps) or more out-of-the-money. These are borrowers who have a significant disincentive to sell their home, and this is creating the dearth in supply.”

The current housing market stagnation is more closely tied to interest rates than anything else. “The situation is not going to change until we get mortgage rates back down toward 5%, or even lower,” Sim said. “And we aren’t forecasting mortgage rates to breach 6% in 2025 — they should ease only slightly to 6.7% by the year end.” Based on this, demand looks set to remain at exceptionally low levels.

The presence of vacancies is also suggestive of a demand issue, as lower vacancy rates point to potential supply constraints. Vacancies indicate that there are enough homes available, but these may not be the right type, in the ideal location, or at an affordable price point. 

With such low levels of supply and demand, how can the housing market keep growing in 2025? “The wealth effect from borrowers with significant home equity and/or equity market growth should maintain positive home price growth, though at a very subdued pace,” Sim said. While income has not kept pace with home price growth, existing borrowers are in good shape. And for those who own equities — particularly renters — there’s likely more money available toward down payments to effectively buy down the mortgage rate. Despite affordability challenges, this wealth effect helps to explain why home price growth is expected to continue. 

This entry was posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate. Bookmark the permalink.

130 Responses to “How can the housing market keep growing in 2025?”

  1. Hughesrep says:

    First.

    Four price increases on product lines I represent yesterday, all specifically mentioned tariffs.

  2. grim says:

    Kids got the flu.

    I got the flu shot in the fall, seem to be on the verge of it, maybe fighting it successfully? Or should I start taking the kids’ tamiflu?

  3. grim says:

    Hey Hughes – I have a shop question for you.

    My finished basement has limited heat, using a Beacon Morris Kickspace K120 heater in a wall mount. Pushing about 11k btu, but on the coldest days it’s just not enough. Basement is insulated/sealed pretty well, but the slab is just always pretty cold, the thin foam underlayment wasn’t going to do a whole lot there. 1300-1400 square feet.

    Any options for something a bit bigger? Cycle times are very long, it’s almost always running when the outside temps dip into the teens. In the high 30s or 40s, it’s fine, above that zero issues. In the teens, it’s struggling. This jives with BTU calculators.

    The layout isn’t at all conducive to baseboard. At best maybe I can easily get 10-15 feet linear, but doubt that’s even worth it.

    I probably have room for a small forced hot air unit, but I wouldn’t get much distance between the supply and return.

    Double up, and add a second wall heater?

    Does Runtal or someone similar make a hydronic baseboard that I can plumb the supply and return from the same side? If so, I could probably add another 25 feet of baseboard without having to rip out drywall.

  4. Very Stable Genius says:

    Inflation is out of control

    Hughesrep says:
    February 18, 2025 at 5:36 am
    First.

    Four price increases on product lines I represent yesterday, all specifically mentioned tariffs.

  5. Hughesrep says:

    Grim-

    I’m on day two of the flu, it sucks. Take whatever you can get your hands on.

    How about a panel radiator or two? On opposite sides of the room? Easy to pipe in.

    https://www.beacon-morris.com/panel-radiators-and-towel-warmers

  6. grim says:

    Yeah thought about those, it’s the opposite side that’s going to be the problem. I have clear runs through the joists to the opposite side of the room, but it’s on the narrow dimension, not the long side (basement is a long rectangle). Maybe I just need to bite the bullet and cut.

    My office is down there, and the fan running non-stop on the blower drives me nuts, so maybe that’s the better idea.

    The blower is on the boiler room wall, so adding the zone was trivially easy. Everything else, not so much.

  7. Hughesrep says:

    Is the floor finished? Ideal solution is probably floor radiant. Could use panels to run the tubing and then finish the floor on top. Also probably the most expensive, especially if you have to rip up and replace exiting flooring

    https://www.roth-america.com/product/radiant/radiant-panel-installation-systems/

  8. Boomer Remover says:

    We went to Philly this weekend to see BIL. I left NJ bodyaches and all. Woke up with a lump/pain on right side of throat and swollen neck. Zero respiratory symptoms. Got a Teladoc appointment and picked up Amoxicillin for strep. Had to go to two pharmacies in Philly center as they were all out. Same goes for cold meds and kids meds. Bare shelves. Even our waitress was coughing.

    Anyhow, two antibiotic doses later the fever broke and I am back, baby! Turns out it was step and not the flu, which I had suspected. I had four days of 100-101F fever if not for the Tylenol. I went from dying in a hotel bed to doing a morning workout 36 hours later.

  9. Juice Box says:

    Cold floor? Just get a rug buddy portable heater mat. It goes under a rug and is radiant etc… 5 x 8 size for a desk sized area etc.

    https://cozywinters.com/shop/rug-heat.html?gad_source=1&gbraid=0AAAAAD_qDaBe4s37SjPwu3OYHV08KpDxh&gclid=Cj0KCQiA_NC9BhCkARIsABSnSTYFT_7AAlRAcuaYcUCgJJJ48GXBLfIrE-D06sxhqRjYNlAj0LYoWDUaAv2FEALw_wcB

  10. BRT says:

    I agree inflation is out of control. What’s funny is it was 9% and you denied it was even occurring.

  11. White Trash Eddie says:

    Just get a rug buddy…

    That’s what I always say. ;)

  12. Phoenix says:

    White Trash Eddie says:
    February 18, 2025 at 9:10 am
    Just get a rug buddy…

    That’s what I always say. ;)

    Makin’ mayo 0.4 oz at a time. No eggs required.

  13. Phoenix says:

    Kickspace heaters suck.

    Runtal panels, ohh, so nice.

    So quiet.

    So expensive.

    So worth it.

  14. Libturd says:

    I would get two portable oil-filled radiators. We use one to heat our entire third floor when a guest is sleeping over. It’s a pretty large space too and the heater brings the place up to a comfortable temperature in about thirty minutes. I also put it on low on the really cold winter nights to help with keeping the steam heat on our floors. Unless you are in the basement all of the time, just heat it when you need it. You would be surprised how well those portable heaters work.

    We just got a refund check from PSE&G even though we haven’t seen a winter like this in years temperature wise. It helps tremendously to only heat and cool the rooms you use.

  15. Libturd says:

    BRT,

    I don’t remember anyone denying inflation. The cause of it, absolutely. But not the numbers themselves.

    Ho hum, you were warned.

  16. Libturd says:

    Quite frankly, the denials of how well Biden’s administration got inflation under control, especially compared with the rest of the world was heavily denied by MAGA.

    Just wait until there’s a large natural disaster and all of the smart people have left for the private sector. It will be interesting to see who MAGA blames then.

  17. Libturd says:

    Grim,

    We’ve been using this one for more than ten years now. Maybe 15.

    https://www.amazon.com/DeLonghi-Comfort-Thermostat-Settings-Features/dp/B000TGDGLU/

  18. BRT says:

    Lib, I do remember it, and it there was plenty on this forum and the news. As far as you warning me I believe I predicted it would come back well before you ever did, and inflation comes from one place, the fed. Always the fed.

  19. Phoenix says:

    Inflation gonna rise like one of Musk’s rockets.

    Inflation hurts the poor and middle class disproportionally.

    The wealthy can still afford their eggs, caviar, and Grey Poupon.

    Bye Bye Middle Class.

    Signed, your elected boomer elites.

  20. 3b says:

    BRT: The Fed was lowering when they should have continued to tighten. And, they destroyed the housing market.

  21. Phoenix says:

    and inflation comes from one place, the fed. Always the fed.

    Fed can’t do shite when your boomer goat elected officials spend your money like drunken sailors, giving it away to other countries, spending it on wars they have no business sticking their toucan sized noses into.

    Dear Middle class,
    Your Repukes and Democraps don’t care about you.

  22. Phoenix says:

    And, they destroyed the housing market.

    Boomer and venture capitalists did.

  23. Phoenix says:

    Can’t afford eggs?

    Car insurance too high?

    Your money was spent in plenty of other countries. Not hard to look up where billions of your tax dollars went over the years.

    Demand it back, or suck it up. Beech.

  24. Chicago says:

    WSJ Letters to the Editor:

    In your Feb. 6 editorial “About Those Beachfront Gaza Condos,” you write: “We doubt Mr. Trump has any appetite to send in the 82nd Airborne to occupy Gaza.” Here’s another idea: Instead of the 82nd Airborne, send in 10,000 United States Agency for International Development employees and their liberal programs. Perhaps that would encourage the Palestinians to relocate.

    Stephen Borkowski

    Pittsburgh, Texas

  25. Libturd says:

    The FED does not create inflation alone.

    Can it be the major contributing factor? Absolutely. Was it during the Pandemic? Absolutely not. The huge government spending and resulting increase in the money supply was mostly to blame.

    There are other factors that can contribute as well. Of the top of my head, Supply and Demand. Like when you don’t got no one to pick your vegetables or slaughter and butcher your cattle. Production Costs, like when the raw materials needed to manufacture your product go up. Potash?

    BRT, you have a tendency to make blanket statements. Like the Covid Vacine did not save lives. Or everything was due to the government shutdown, which saved millions of lives when Covid was the most dangerous. Untrue simplifications are meant to decieve the less intelligent among us. Like saying all immigrants are rapists and murderers. But it sure sounds nice to blame your woes one something it is not. This is FOX News to the T. Sadly, and it truly is the case. Those, who think Trump is helping them the most economically will actually be the most hurt by his policies. Right now, everyone is waiting to see where these eventual savings will go. I don’t need to wait. Guys who shit on gold-plated toilets tend not to be philanthropic. Plus Trump showed his true colors as 45, sending nearly all of the short-term gains from his corporate tax cuts trickle upwards. Everything else was pretty much a continuation of the 79-month economic boom that Obama oversaw.

    Here is a fair economic overview of Trump’s first term presented by an unbiased source.
    https://www.investopedia.com/donald-trump-presidency-economic-impact-8666666

  26. Libturd says:

    Don’t forget. Trump stole from a charity as well and was the only president impeached twice. Heck of a candidate for Rushmore.

  27. Libturd says:

    Didn’t he have bone spurs too?

    Some patriot.

  28. Juice Box says:

    Both Lavrov and Rubio said the peace talks went well and a ceasefire is now on the table.

  29. Libturd says:

    Has anyone shared with the Ukraine what decisions the Russian lover and Russia agreed to?

  30. Libturd says:

    Have we all forgotten about Trump’s mouthpiece’s disgusting interview with Putin?

    Was Greenland or Panama or Canada included in the deal?

  31. Fast Eddie says:

    “President Obama signed an executive order this morning calling for federal agencies to cut waste in a number of areas including travel, information technology devices, printing, vehicles and promotional SWAG in an effort to promote more efficient spending across the government.

    The executive order builds on the Obama Administration’s Campaign to Cut Waste with today’s mandates stemming from a September Cabinet meeting led by Vice President Joe Biden.

    “From the day I took office, I’ve said we’re going to comb the federal budget, line by line, to eliminate as much wasteful spending as possible,” President Obama said. “That’s what the Campaign to Cut Waste is all about. We can’t wait for Congress to act – we can’t wait for them to get our fiscal house in order and make the investments necessary to keep America great. That’s why today, I’m signing an Executive Order that will build on our efforts to cut waste and promote more efficient spending across the government – we’re cutting what we don’t need so that we can invest in what we do need.”

    Agencies now have 45 days to develop plans to reduce combined costs 20 percent below Fiscal Year 2010 levels in a number of areas, according to the order.”

  32. Libturd says:

    Enjoying the show?

  33. Chicago says:

    Agreed. The end game is some kind of justification for a tax cut.

    Libturd says:
    February 18, 2025 at 11:42 am

    eventual savings will go. I don’t need to wait. Guys who shit on gold-plated toilets tend not to be philanthropic. Plus Trump showed his true colors as 45, sending nearly all of the short-term gains from his corporate tax cuts trickle upwards.

  34. Chicago says:

    I will liken (not excuse) the current DOGE activity to a severe pruning of a tree. After it’s done, you look at the tree and say what the fuck. But give it a little bit of time and the whole thing kind of normalizes and makes sense.

  35. Juice Box says:

    Ceasefire is the first step if anything occurs in the next few weeks. There are rumors of a possible Trump and Putin meeting as early as two weeks from now.

  36. Libturd says:

    “But give it a little bit of time and the whole thing kind of normalizes and makes sense.”

    Or in a couple of years, the tree dies from the rot caused by all of the indiscriminant pruning.

  37. Libturd says:

    All hell is about to break lose in Israel Juice. Are you ready for it?

    If Zelinski had any balls, he would try to broker a deal with the NATO powers to help him without including us. But I question if he is smart enough to try it.

  38. Libturd says:

    Stop the presses. What’s this?

    https://apnews.com/article/egypt-gaza-reconstruction-plan-76941b11e6746078da113e36605ec462

    I thought Jordan and Egypt were signing up for the Trump Gaza plan?

    Enjoying the show (of lies).

  39. 3b says:

    Lib: What did I miss in Israel, I am usually up on world news.

  40. 3b says:

    Lib: Maybe the Trump madness plan with Gaza, scared the Egyptians and Jordanians to do something themselves. Just saying. Anyhow, this is good news if true.

  41. Libturd says:

    Here are some more recent Trump lies for MAGA to ignore.

    Trump said that the U.S. is the only country in the world to have unrestricted birthright citizenship.

    CBS News and “60 Minutes” “replaced” former Vice President Kamala Harris’ interview answers “with completely different, and far better, answers, taken from another part of the interview.”

    “I changed the Obama policy (on hiring air traffic controllers) … And then Biden came in and he changed it.”

    The U.S. House Select Committee that investigated the Jan. 6, 2021, attack on the U.S. Capitol “deleted and destroyed all of the information that they collected over two years.”

    On January 7th, “They’re still counting the (2024 election) vote in some areas.”

    Trump said that he “won youth by 36 points.”

    Of course, there are the plethora of lies around the reservoirs that were at full capacity around the wildfires.

    And of course, blaming the initial of the three recent plane crashes on DEI.

    All lies. Every single one of them. THIS is MAGA!

    I’m sure the cease fire in Russia is complete bullshit too. How do you not include one of the two members in the war in a peace negotitian? Only Trump. He’s all yours.

  42. Juice Box says:

    Lib – My concern is having radionuclides in my breakfast cereal forever. We should be focused on preventing WWIII. Ukraine is only a preview compared to any additional escalation.

    Talks and any eventual ceasefire to end the massive amounts of people dying as well as casualties on both sides are necessary now, not later and I will tell you why. Ukraine does not have enough boots on the ground to retake the annexed land, no matter how much weapons we give them. It’s a numbers game without troops from NATO they cannot win.

  43. Libturd says:

    3b,

    It is good news. But the scary part is that you didn’t hear about it because the newstream is afraid of the bully. It shouldn’t be long before AP is shut down. How these kinds of developments don’t scare the crap outta everyone is beyond me. So many rights and protections being stripped away. Transparancy? None. So many laws broken. There is a right way and a wrong way to do things. The Dems did many things the wrong way too. But in my opinion, all Trump is doing is vengeance and vitriol at a degree many times higher than any President has done before. It’s all a disgusting show that is going to have infinite unintended consequences. And the bully has everyone afraid to speak out against him because he will ruin their lives if they do.

    The NY Governor/Mayor firing thing, if Hochul has chutzpah to do it, should be interesting. I’m sure it will immediatelly be followed by Trump illegally cutting off every dollar in aid to New York. Laws mean absolutely nothing to this moron.

  44. No One says:

    BTW, regarding yesterday’s Palm Beach article, those of us on the west coast of Florida are grateful for Palm Beach absorbing the flashy NYC assholes and keeping most of those types out of our area.

  45. 3b says:

    Lib: The trouble with the Democrats is that they did very little, and spent most of the time obsessing over Trump, we’ll look where that got them. Trump is out of control and all over the place in a lot of respects, and definitely looking for vengeance, but in spite of knowing how he would operate, people still chose him, and not Harris. The Democrats still have not gotten the message.

    As for Hochul another dingbat like Harris , there is no way, she will remove a Black mayor from office in my opinion.

    As for birth right citizenship 33 countries in the world offer it, and almost all of them are in the Americas.

  46. Libturd says:

    Juice,

    Stop fearing nukes. They’ve been around for 85 years and only the US has used them. We probably shouldn’t have, but at least I understand the justification.

    Don’t be so sure that NATO won’t join the fight. Trump is not making any friends in Europe and the tariffs are not helping things. The precedent Trump is setting here is incredibly dangerous. What is to stop Putin from moving in on other European states? The US can’t pick and choose which invasions are acceptable and which ones are not. I do not doubt for one moment that Trump has made the entire sacrifice of the incredibly brave Ukranians fighters equal to the sacrifice our forefathers made over our once sacrosanct Constituition. Yeah, war sucks. But you can’t let the agressor win. I hope this cease fire is as flimsy as the rest of the promises that come out of this wannabe dictator’s mouth.

  47. Libturd says:

    “As for birth right citizenship 33 countries in the world offer it, and almost all of them are in the Americas.”

    Yet I thought we were the only one?

    It’s MAGA show of endless lies.

    And Dems have accepted they lost and that elections have consequences and they wouldn’t have it any other way. But I don’t think their protests are about losing. I really think Trump is destroying our country. Time will tell. But I would preparing for the worst. The bully never wins in the end and having the leader of the Western World lie repetitively and threaten the world repeatedly is bound to have ugly consequences.

    Heck, it was always felt great to bully the autistic kid. Everyone did it. Then I had an autistic kid of my own, who I still lose sleep over worrying about his future in a society that is returning to hatred as a mantra.

  48. Libturd says:

    Sounds like the cease fire talks was no more than another Trump, empty suit, performance.

    “Asked what types of concessions could be made, Rubio declined to offer any.”

    THIS is MAGA!

    https://www.firstpost.com/world/us-russia-agree-on-four-principles-for-ukraine-ceasefire-talks-starting-with-restaffing-of-embassies-13864529.html

  49. 3b says:

    Lib: No, we are not the only one, but we along with Canada and Mexico are the only large countries in the world that offer it. I don’t think people will be banging down the doors to get to Belize, and the Grenadines if they are interested in getting birth right citizenship. I am just trying to keep the discussion focused, and the emotion out of it.

    As for the Demand being more consistent about Trump destroying the country then losing the election, sorry, but I don’t believe that. And, I do believe the Democrats were doing their own version of destroying the country, just in a different fashion. The 4 years of Biden was noteworthy in that regard. As for Trump being the leader of the western world, I agree he would not be my choice, not to mention he know little to nothing about the world.

    As for lying, well Biden and the European leaders lied to Ukrainians, by telling them we support you 100 percent, and then delaying the restless of arms and other military equipment, Biden providing long range missiles but not allowing Ukraine to use them to strike targets inside Russia until the end of his term. Biden and European leaders telling the Ukrainians we want you in NATO, but they don’t, we want you in the EU but we don’t. We support the territorial integrity of Ukraine including the return of Crimea, but they did not believe that for a minute. Lots of lying to the Ukrainians during the Biden years.

    As for Trump and his peace talks with the Russians, I am willing to wait and see what if anything comes from it. I am certainly not ready to dismiss it outright like you have after one 4 hour meeting.

  50. LAX says:

    12:36 Hatred is a slippery slope and especially for those who are “different”. I’d say that funding for Spec Ed and specialty education is one the block. We’re taking cues from the home-schooled crowd now.

  51. LAX says:

    “on the block” as in chopping block.

  52. SmallGovConservative says:

    Libturd says:
    February 18, 2025 at 11:46 am
    “Trump stole from a charity”, “Trump lies “, “MAGA show of endless lies.”, “All hell is about to break lose”

    Are you OK? Do you have mental health coverage that will help you survive the next 4 years?

    Oh and by the way, if the election were held today DJT would take 400+ electoral votes.

  53. 3b says:

    Lib: I am almost 100 percent sure, NATO will not join in. As for the nukes , you might be right, but you just don’t know. If Putin fears he was going down he might just use one or two nukes to show force.

    As for rolling in on other European states, that would be a different matter and if he did NATO would be obliged to respond, and perhaps then the nuke option on Putin’s part. The Russian army is ill equipped with a lot of old broken down antiquated equipment. NATO forces in a conventional war would destroy the Russians. In the event Russia did roll into other European countries and actually conquer them, the Russians would find it very costly to hold on to these additional territories. Empires cost money, Russia s economy is crap. It’s one of the main reasons the Soviet Union collapsed, big empire, crap economy.

  54. SmallGovConservative says:

    Libturd says:
    February 18, 2025 at 10:53 am
    “wait until there’s a large natural disaster and all of the smart people have left for the private sector”

    Would these be the smart people that abandoned North Carolina after the hurricane because there were too many DJT lawn signs? Or are these the smart people that emptied the reservoirs, failed to pre-deploy fire equipment and decided to visit Africa when LA burned to the ground?

  55. Very Stable Genius says:

    where eggs at?

  56. Very Stable Genius says:

    project2025 dot observer

    says nothing about controlling inflation

  57. Libturd says:

    No one abandoned North Carolina. Again, MAGA lies. I would refer you to the proof to make you look stupid once again, but MAGA can do no wrong. I will. After a meeting. Things not looking so good from my monstrous corporation. Merit awards just announced. Can’t give exact numbers, but they are quite sucky and worst in a decade.

  58. Juice Box says:

    Lib – Korea is still north and south, Vietnam well the communists won there too. Iraq is still a disaster and Afghanistan too.

    I don’t need to remind you to the victor go the spoils. Ukraine cannot defeat Russia, they don’t have the boots.. Give them your son if you feel so Gung Ho about it, or heck lace those boots up yourself.

  59. 3b says:

    Juice: In other words news the wonderful Taliban government in Afghanistan has outlawed beauty salons. They have decreed that women must be only in their natural state. What an ignorant backward culture. What is it with some of these religions/ cultures that have a negative obsession with women, and decree what they can and cannot do. Maybe, they are afraid of vaginas.

  60. LAX says:

    2:21 No, Biden gave Ukraine enough weapons to fight a war, not WIN a war.

    This could have been over a year ago. But Biden…..

  61. LAX says:

    1:37 I see you have you Fox news talking points down.

  62. Libturd says:

    https://apnews.com/article/hurricane-helene-fema-north-carolina-trump-disasters-2b22a4943f4621d8704108d71e1386d1#

    I like in the article where a local mayor says people are more interested in dissolving FEMA than recovering. Hmmmmm.

    And if you get rid of FEMA and leave it to the states, then you will need to create 50 separate FEMAs. How is that going to be helpful. Especially when many disasters affect multiple states simultaneously. When we got FEMA money for flooding, it took almost a year to be reimbursed. Yeah, that’s how it works. But getting back to North Carolina. FEMA has extended the transitional housing another 60 days at the request of Governor Stein. There is nary a complaint online from any government officials, mostly Republican. The recovery effort was actually praised by nearly everyone involved. Really, the only person who has an issue with it was Trump, who chooses to lie about everything. But what would you expect from a moron who blames plane crashes on DEI. You elected him. You got him. You can smile and make believe he’s the best thing since sliced bread. But this loaf is clearly filled with mold if you actually look at the surface of the slices.

  63. Libturd says:

    So since Hamas had no ability to beat the IDF, the country should have been forced into a cease fire and the hostages released?

  64. LAX says:

    It’s a cult at this point. I know people who think he’s the best thing ever. They are very eager for “non believers” to love Trump as they do. It’s hugely entertaining: pass the popcorn pls!

  65. Hak Tua, Chief grabs 'em by the pussy says:

    It’s a fucking disaster. Just wait for the moron to double down on tariffs and tax cuts which failed miserably last time.

    Here. Check out the Precovid Trump years. Show me where the tariffs and tax cuts did anything to government spending. He is one big grifting fake. But he KISSED THE FLAG!

    https://fred.stlouisfed.org/graph/?g=1DNMm

  66. Libturd says:

    DJT down another 4.5% and the grifter’s meme coin (wtf is a meme coin?) is down another 6%. Both are proxies for Trump’s success. Both continue to drop like the IQ of most MAGA supporters. Stunning when you consider we are on the precipice of peace in Israel and in the Ukraine. Or are people finally realizing how they were duped. Just hang in there a bit longer. Only a moron would believe that someone who bankrupted three casinos could run the United States. But what a showman. They just let him grab them by the pussy. Maybe he was referring to his voters???

  67. BRT says:

    Regardless of your positions on Ukraine/Russian war, there was never a legitimate justification for giving Zelensky access to the infinite money glitch. If we could go back a few years, there was a deal on the table to avoid all this that looks pretty good in hindsight.

  68. 3b says:

    Lib: What is your solution for Ukraine?

  69. LAX says:

    3:20 I’ll weigh in. It should have never happened. Biden, however, should have let them into NATO.

  70. Phoenix says:

    Flo-Rida

    Jewish man mistakes two Israeli tourists for Palestinians and opens fire on them in Miami
    Victims reportedly posted ‘death to Arabs’ on social media after shooting while suspect held on attempted murder charges

  71. Phoenix says:

    Russia is keeping Ukraine.

    Case closed

  72. Phoenix says:

    Russia isn’t taking over Europe. Europe is imploding on its own.

  73. Phoenix says:

    The Polish leader told the French leader that he should send his troops to Ukraine, but he’s not sending Polish troops to Ukraine. They don’t have their shit together

  74. LAX says:

    Hamas on Tuesday said that it will release the dead bodies of four Israeli hostages on Thursday, including the two youngest people held by the group, Kfir and Ariel Bibas.

    The group will also release six living hostages on Saturday, instead of the three that had been expected, Khalil Al-Hayya, head of the group’s negotiating team, said in a statement.

    The Israeli Prime Minister’s Office confirmed on Tuesday that an agreement had been reached during negotiations in Cairo for “four slain hostages” to be handed over on Thursday and “six living hostages” to be released on Saturday.

    It added that “four additional slain hostages are expected to be handed over to Israel next week.”

    Later on Tuesday, the Hostage and Missing Families Forum named the six Israeli hostages expected to be released on Saturday.

    “The Hostages and Missing Families Forum welcomes with profound joy the return of Eliya Cohen, Tal Shoham, Omer Shem Tov, Omer Wenkert, Hisham al-Sayed, and Avera Mengistu this Saturday,” the forum said in a statement.

  75. 3b says:

    LAX: Biden or any other President cannot unilaterally admit a country to NATO. There are 3o odd countries in NATO , and all must agree. If you want to go back, then go back to 2014, and Russia an annexation of Crimea and eastern Ukraine. Obama at the time along with the Europeans did basically nothing.

  76. chicagofinance says:

    Yup….. another reasonable possibility.

    Libturd says:
    February 18, 2025 at 11:57 am
    “But give it a little bit of time and the whole thing kind of normalizes and makes sense.”

    Or in a couple of years, the tree dies from the rot caused by all of the indiscriminant pruning.

  77. chicagofinance says:

    Of course…..

    3b says:
    February 18, 2025 at 12:13 pm
    Lib: Maybe the Trump madness plan with Gaza, scared the Egyptians and Jordanians to do something themselves. Just saying. Anyhow, this is good news if true.

  78. Libturd says:

    I would demand a ceasefire, international peacekeeping force to keep it. Go back to preinvasion lines. Teach Russia that enough is enough. Eventually work on allowing as many countries as possible into NATO. It’s not the EU. It’s supposed to be peace keeping. Russia should stop supporting the Ukraine in any manner whatsoever and should not route NG through the country if they are sick of the Ukraine syphoning some off.

  79. chicagofinance says:

    Anything you need to know relative to dealing with Putin.
    Are talks just a smokescreen?
    https://nypost.com/2025/02/18/world-news/russian-drones-intercepted-over-central-kyiv-after-us-talks-in-saudi-arabia/

  80. Phoenix says:

    11 hours ago — The CIA under President Donald Trump has been covertly flying MQ-9 Reaper drones over Mexico.

    if America can fly drones over Mexico, then Russia should be able to fly them over Ukraine

  81. Phoenix says:

    Russia isn’t going back To pre-invasion lines.

    That’s just a fact.

  82. Phoenix says:

    what is probably going to happen, is that President Musk is going to privatize Social Security And Medicare.

  83. Very Stable Genius says:

    Maga is gonna make death panels great again

    90 yr olds getting $10 million brain transplants

    Phoenix says:
    February 18, 2025 at 6:30 pm
    what is probably going to happen, is that President Musk is going to privatize Social Security And Medicare.

  84. chicagofinance says:

    WSJ Letter to the Editor:

    In your Feb. 6 editorial “About Those Beachfront Gaza Condos,” you write: “We doubt Mr. Trump has any appetite to send in the 82nd Airborne to occupy Gaza.” Here’s another idea: Instead of the 82nd Airborne, send in 10,000 United States Agency for International Development employees and their liberal programs. Perhaps that would encourage the Palestinians to relocate.

    Stephen Borkowski

  85. Libturd says:

    You know. The biggest lie of all.

    https://www.c-span.org/clip/campaign-2024/donald-trump-disavows-project-2025/5124900

    https://www.project2025.observer/

    So what happened here? It’s less than a month in and he’s completed 34% of it and is following it to the T.

    Just imagine if a Democrat lied like this. Fox would be going on about it for weeks. But MAGA can do no wrong.

    Lies are perfectly acceptable if they are spewed daily by your cult leader.

  86. SmallGovConservative says:

    Libturd says:
    February 18, 2025 at 6:59 pm
    “he’s completed 34%…”

    While we’re talking numbers, did you see illegal alien encounters across the entire southern border are down to ~250 per day? Remember when they were at 11,000 per day under SlowJoe and he said that only congress could address the issue? Are you able to admit that DJT fixed the border issue or does your advanced TDS prevent you from admitting that you were wrong?

  87. Libturd says:

    He absolutely stopped the flow across the border. Where we differ, is that I think it was a benefit and you blame everything on it. And, of course, the numbers were huge under Biden, for three obvious reasons.

    1) Since so few came across under Trump 45, there was a lot of making up for lost time.

    2) The economy was red hot from Obama through Biden.

    3) Immgrants new they would be given fair treatment under Biden.

    Let’s see, first if the mass deportations actually happen. So far, it’s been pretty ordinary. Second, if there are mass deportations in the numbers Trump promised, let’s see the impact it has on our economy.

    I’m especially looking forward to the drop in crime that will certainly not happen.

    I’m always willing to discuss anything and everything honestly. If Trump does something good, I will give him his due. So far, it’s mostly been lies and minisculy fulfilled promises. The onlything he has really suceeded at is making himself wealthy and dismantling as many checks and balances as he can on his way to being a dictator.

    Fear not, I will keep factually reporting all of his lies.

  88. Juice Box says:

    Lib -re:” Go back to preinvasion lines?”

    Like it or not it was Ukrainian Separatists with Russian support took that place in 2014, and the Ukrainian army was powerless to stop it.
    Are we going to mass relocate all the Millions of ethnic Russian speakers back across some new border drawn by the US and the EU? That is as crazy as relocating the Palestinians to Michigan and New Jersey. They have a right to self determination just like everyone else.

  89. SmallGovConservative says:

    Libturd says:
    February 18, 2025 at 7:28 pm
    “Immgrants new they would be given fair treatment under Biden.”

    Gotta give you credit Lib; your willingness to shill for the incompetent Dems is becoming legendary. Since you’re on a roll, give me a few bullets that summarize how, in your mind, things (anything) would be better if Carmella had won.

  90. Libturd says:

    Juice,

    Let’s see if and when a cease fire actually occurs. Until then, it’s all show and conjucture. So far, the only thing this Trump mission accomplished was to upset all of Europe and the Ukraine. Staffing so-called embassies is hardly an accomplishment.

  91. 3b says:

    Lib: Why didn’t Europe readily provide all the arms and materials that Ukraine needed if they were serious about Ukraine actually having a chance of winning the war? And the same with the Biden administration? I have pointed out repeatedly that Biden would not allow the use of American provided long range missiles until the end of his administration?

    As well as when Yugoslavia blew up, the Europeans sat back and did nothing. I don’t know how this Trump Ukraine situation will end up, but spare the Europe is upset at us nonsense.

  92. Libturd says:

    SGC,

    Not sure things would be any different under Harris than they would have been under Trump. So far, Trump hasn’t really achieved much besides create mass chaos, alienated a lot of our allies and indiscriminantly fired a whole bunch of people. Would have loved to see him cut the size of government intelligently and carefully than to blow it to pieces. Time will tell if any of this will benefit any of us. So far, I’ve witnessed my wife lose her job, the largest of corporations suspend any growth plans due to the uncertainty around Trumps failed economic policies which he is doubling down on and nothing except for the riskiest investments do well. To applaud the S&P hittng new highs after a month in office is actually an embarassment. But the show must go on.

    In the meantime, the courts have been turned into a joke and anyone willing to kiss the ring gets preferential treatment. Just as it was with the Dems. Hardly an improvement actually. Really, just one polluted swamp replaced by another. One vitriolic revenge minded party followed by another. The real shame of it being, Trump has an opportunity to do great things. Instead, he is wasting it on pleasing the peanut gallery. I am not surprised by any of this. I wasn’t duped. As I’ve been saying for years, both parties suck pretty much equally. Since Trump is wasting his mandate, I am hopeful the party of kindness and expanding rights might learn something from all of this and stop playing the extremes. Trump certainly isn’t compromising at all. Just making the same mistakes the Dems were. Only with a cult following that is even less likely to admit any fault. I only wish we could speed the clock up to see the economic results of this clown who claims he has great common sense.

  93. DOGExcrement DidNumberTwoOnFHA says:

    Bloomberg reporting that DOGExcrement got into FHA. FHA laying off half of workforce.

    This is what I thought was going to take down RE this time around. OrangeTurd/Nitwits 2025 want to really go old school. First is FHA and its market. Wonder if DOGExcrement gets in the door or Fannie/Freddie. If they do is a sure bet the 30yrs conforming mortgage is kaput within 5 yrs and with it the housing market.

    Because whatever replace them is not going to offer cheap 30yrs mortgage. It will likely go with Covered Bonds which then can be financialized as MBS/CDO and cute new names.

  94. Libturd says:

    3B,

    You know just as well as I that Europe won’t do shit if they are not forced to. America has played police of the world since World War II. As expensive as that has been, we have still performed brilliantly economically and simultaneously expanded the concept of freedom and liberty for all. This willingness to help others around the world is one of the tenets that made our country great. Isolationism always fails. Look how well it worked for Europe and the Far East in the 30s and 40s. Yet, that is the playbook Trump is following. There is a good reason everyone wants to live here. It was a place where everyone is treated with dignity and received a fair shake. If not us, then who?

  95. RentL0rd says:

    After 5 flight incidents, one more went crash landed and went belly up. Glad no one was hurt.

    Imagine being on the tarmac for 6 hours with little kids? This is uniquely American. In any other country, someone would roll up their sleeves and open the door for the people to get down. You can only expect more of this the next 4 years. We’ll all be Karens.

    https://www.timesunion.com/news/article/passengers-stranded-allegiant-air-flight-albany-20172937.php

    (soft paywall)

  96. RentL0rd says:

    Smallbrains 747,

    If Kamala was elected, Donald would have been in jail, along with Musk.

    Russia would be put in place and Ukraine wouldn’t be sold.

    Inflation would have been lower. A dozen eggs for $2.95.

    Unemployment going even further down – and the poor earning a better wage.

    Rich criminals would be prosecuted.

    And Smallbrains would actually do better with better medical care and a young immigrant to change his diaper too.

    But here we are! Uncertainty, confusion, daylight robbery of our federal agencies, science and research destroyed for generations to come…

  97. Libturd says:

    Xcrement (which is what Tweeter has become, hence X is an apropro moniker),

    It’s only a matter of time. I have always been able to use the success of the megacap company that I work for as an accurate gauge of the economy. As a supervisor of a larger number of international and domestic employees than probably anyone else here, I get a unique view of the world economy. Though my company had a pretty strong year, I was just handed a list of restrictions, like I’ve never witnessed before when determing this year’s set of merit increases. The last time it was this bad was in early 2008. Remember, we just had a pretty good year. Not a blockbuster, but strong enough to avoid the need for any major RIFs. Like clockwork, I can always tell if wage growth is keeping up with inflation. Unless things reverse dramatically, my teammates are all about to feel some pain. Though anecdotal, it has ALWAYS proven out.

    Again. I’ll ask, if the tariffs and tax cuts failed last time resulting in increased deficits and among the backdrop of ZIRP, then why would it be any different this time? Does Trump suddenly love the country more? All of a sudden, the guy who was raised to be as greedy as possible and who was the king of meretriciousness with his golden toilets and residential apartment buildings with the largest showy TRUMP letters on them than any other sign on any other building ever all of a sudden cares about the little guy? This makes absolutely zero sense. It’s one big show as we all now can see, and only a cult following would be willing to believe he cares about them any more than any other politician did. They are all in it for personal wealth acquisition. It’s so clear.

  98. 3b says:

    Lib: And now Europe is being forced to do something. They are already are starting to accept that they will have to start spending more on defense, and may now start seriously looking at estimating a European army. I don’t believe in isolationism either, we had to bail Europe out twice with their disastrous world wars. But, they too have to make an effort at seriously taking more responsibility for their security, instead of always assuming the U. S. Will do it, and then criticizing the U.S. in the same breath.

  99. RentL0rd says:


    Gold would be cheaper,

    Bitcoin and financial regulation of crypto would keep cyber criminals at check,

    A govt that works. I heard social security checks – that were never late, are not not reaching people.

    You wouldn’t hear so many tales – without any proof.

  100. 3b says:

    Rent: I would be surprised if Harris knew anything about Ukraine, it’s probably only in the last couple of years she even knew where it was.

    And, do tell us how exactly Harris would have put Russia in their place?

  101. RentL0rd says:

    Lib, could you share a bit more about the “restrictions” you talk about?

    I had to lay off a couple due to contracts not renewing – even when there was no financial reason for it. But I don’t run a big org.

  102. RentL0rd says:

    And, do tell us how exactly Harris would have put Russia in their place?

    Did you forget that we just released a Russian crypto criminal who is instrumental in a lot of underground deals that enrich Putin? That was not even a few days ago, and you conveniently forgot? It’s the little things.

    I actually need to ask: Why does Putin – our enemy for so long, love cheeto so much?

  103. RentL0rd says:

    and 3b, you have been pretty vocal about your love for Russia. Did you marry a second hand russian mail order bride?

  104. 3b says:

    Rent: Your silliness actually childlessness never ceases to amaze me. I never professed love for Russia. You can’t answer the question so just engage in verbal diarrhea. And, it was your boy Biden that screwed the Ukrainians. He provides them long range missiles and tells them they can’t use them to attack targets in Russia.

  105. Juice Box says:

    Rent – Jesus himself could be president and work a miracle so every hen would lay two eggs instead of one and the price still would not be $2.95 a dozen. Tens of millions of hens were culled and Kamala and Biden did nothing about it. They could have saved all of those chicken with a fast tracked vaccine too. Zoetis only just got their license last week for their avian flu vaccine. What was the hold up under the Biden Administration?

  106. Juice Box says:

    Rent you forgot about the trade of the merchant of death for the basketball player? BTW Victor Bout is back in business.

    https://www.wsj.com/world/russia/putins-merchant-of-death-is-back-in-the-arms-business-this-time-selling-to-the-houthis-10b7f521

    Re: “Donald would have been in jail, along with Musk?” Donnie should get his criminal sentence for sure but if Kamala did win what crime did Elon commit besides bullying you online?

  107. BRT says:

    Killing all the chickens as a precaution makes perfect sense because they might actually survive the virus.

  108. Juice Box says:

    BRT – Farmers were compensated too market value of the chicken and eggs. It’s self reporting too nobody is going to come out from the USDA and count 156 million culled chickens.

  109. RentL0rd says:

    So when is not going to be Biden’s fault? 2028? Oh wait, never… cuz there wouldn’t be another election. Just like Dubai or Russia.

  110. Chicago says:

    You been raidin’ LAX’s stash?

    Libturd says:
    February 18, 2025 at 7:28 pm

    1) Since so few came across under Trump 45, there was a lot of making up for lost time.

    2) The economy was red hot from Obama through Biden.

    3) Immgrants new they would be given fair treatment under Biden.

  111. BRT says:

    BRT – Farmers were compensated too market value of the chicken and eggs. It’s self reporting too nobody is going to come out from the USDA and count 156 million culled chickens.

    Reminds me of “cash for clunkers”. The guy next door to the shop I was working at ran a junkyard. One of the major dealerships in the area “contracted out” the destruction of the engines to him. All those cars made their way to shipping containers still working just fine. Paperwork all in order.

  112. 3b says:

    Rent: When is it nit going to be Biden’s fault?? I can’t believe you just posted that comment. Then again, I guess I should not be surprised.

  113. Libturd says:

    when it came to bird flu vaccine mandates, I suppose Biden was chicken?

  114. RentL0rd says:

    No one pointed out it should be UAE and not Dubai. Shame on you ;-)

  115. 3b says:

    Lib: There is fair treatment and then there is chaos . And what Biden created at the border was chaos. No system in place, no vetting, no planning, just chaos

  116. Fabius Maximus says:

    “He provides them long range missiles and tells them they can’t use them to attack targets in Russia.”

    I think when Joe sent them weren’t you and a few others in here screaming about escalation and world war 3.

    Which is it? He should have allowed their use, you cant have it both ways

  117. Fabius Maximus says:

    Bread and Circuses. Send another Donnie Check to spur inflation.

    DOGE NEWS- Department of Government Efficiency @realdogeusa
    🚨Elon Musk says he & the President Trump will be discussing a “DOGE dividend,” which will be a tax refund sent to EVERY taxpayer.

    This will be based exclusively on the portion of total savings delivered by DOGE.
    https://x.com/realdogeusa/status/1891985558219510222

  118. Fabius Maximus says:

    The Trump Golf tracker is back. Can DOEG look into this blatant waste of taxpayer funds.
    https://trumpgolftrack.com/
    Trump visited a Trump Organization property on 428 of the 1,461 days (30%) of his first presidential term and is estimated to have played 261 rounds of golf, one every 5.6 days.

  119. Fabius Maximus says:

    Lets not forget Donnies bailout.

    Jason Jay Smart @officejjsmart A U.S.-Russia delegation is meeting in Riyadh, Saudi Arabia led by FM Lavrov & oligarch Dmitry Rybolovlev to negotiate Ukraine’s 🇺🇦 future.

    In 2008, Rybolovlev bought Trump’s Palm Beach property for $95M—3x what Trump paid—while Trump was in financial trouble.

    The worst part of these negotiations is that the US team lead by Rubio is like sending the JV UN debate team

  120. 3b says:

    Fab: No it was not me screaming about WW 3. Biden’ s military support for Ukraine was half hearted and delayed, the Europeans too. The Ukrainians begged for long range missiles , and when Biden finally provided them it was with the restriction that they could not be used to attack targets inside Russia. The Ukrainians kept pleading with the Biden administration and he finally lifted the restriction at the end of his term. It was Biden who was concerned about the war spreading If Biden wanted to give the Ukrainians a fighting chance there should have been no restrictions on the use of the long range missiles to attack targets inside Russia.

    In Biden s defense perhaps he knew too that the Ukrainians had no real chance of defeating the Russians, but just paid lip service to it. The reality was and is there will be a settlement, and it won’t be favorable to the Ukrainians, and that would have been the case whether Biden or Harris or Trump was President. The only way to defeat the Russians and restore Ukraines territorial integrity would be the U. S. and NATO countries declare war on Russia, then of course there would be the risk of China coming into the war on Russia s side.

    Russia annexed Crimea in 2014, and then supported the Russian separatists in eastern Ukraine, and Europe and the U. S. just huffed and puffed and imposed sanctions but that was about it.

  121. RentL0rd says:

    3b, you know so little and yet so full of yourself. Your statements are full of bias without real facts.

    Russia was losing economically. Kamala would have been stronger with Russia and countries like India that kept buying their oil. She would have kicked ass at the international stage.

    Putin knew this and got Donnie to win.

  122. Juice Box says:

    Luckily for all these government people who are losing their jobs there will be adequate employment in the farming industry and construction.

    Seriously the FHA needs 9600 employees to issue 793,000 mortgages? So they go from 1.5 mortgages per week per employee to 3 mortgages per week per employee and the sky is falling?

  123. Juice Box says:

    Rent- VP Harris had 4 years to kick ass. Zero asses were kicked. Her best comment was to tell Iran “ just don’t”…….real convincing that was. The mullahs were real scared, And who can forget that convincing “do not come” quote when she was busy kicking ass as border czar. Millions did not heed here words on that one either…everyone was afraid of getting their assess kicked🙄

  124. Juice Box says:

    Fab – that palm beach lot was sold at a discount.

    “Palm Beach could see a new residential price record set by a sale that might approach $200 million for a pair of adjacent vacant lots fronting the ocean, according to a report by the Wall Street Journal.“

  125. 3b says:

    Rent: What I know, I know well, as opposed to yourself.

    In this post too, more crap, like Russia was losing economically? Losing what economically?

    Kamala would have been stronger with Russia and countries like India that buy their oil? How? And what would she have done to India to prevent them from buying Russian oil? (And you should bear in mind India is not a country the U, S. wants to antagonize as a potential ally against China)

    She would have kicked ass on the international stage? Seriously? What does that mean ? And again I say seriously? Kamala on the international stage , we saw her performance as Biden s VP, and she was a disaster.

    Putin knew this and got Donnie a win? Jeez you are a moron.

    You accuse me of bias and without real facts? Talk about lack of self awareness!! That’s you old boy.

    Why ? Because I don’t agree with the crap you post, your rhetoric, and hyperbole, your drivel that you present as facts? You’re as bad as any Fox watcher who buys all their crap from the right. You’re just the left version of gullible and ill informed.

  126. 3b says:

    Juice: And her trip to the DMZ in South Korea, and the fact that she had even been to Europe or Asia until she was VP. And European leaders were not impressed with her either and that’s being kind. Yeah, she would have kicked ass. What a fecking joke. I

  127. OC1 says:

    Harris was certainly lacking in the “international relations” department, but she would have surrounded herself with a much better team (Hegseth as Sec Def is a joke).

    And she wouldn’t have ceded to most of Putin’s demands (eg, no NATO membership for Ukraine, no Russian withdrawal to original borders) before negotiations even began.

    Trump’s giving off a serious Neville Chamberlain vibe WRT Ukraine.

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