From Fast Company:
Fed Governor Bowman warns of housing market risks: ‘Declines in house prices could accelerate’
Federal Reserve Governor Michelle Bowman issued a housing market warning during a speech at the Kentucky Bankers Association Annual Convention in Asheville, North Carolina on September 23.
Bowman noted that housing activity has slowed significantly, with declines in single-family construction and sales coinciding with rising inventories and falling house prices in many markets.
“Declines in housing activity, including single-family home construction and sales, have been accompanied by higher inventories of homes for sale and falling house prices, suggesting that housing demand has also weakened,” Bowman said. “Elevated mortgage rates may be exerting a more persistent drag as income growth expectations have declined while house prices remain high relative to rents.”
The result has been persistently low housing affordability—a factor that has kept existing home sales depressed since 2023, stuck near levels last seen in the early 2010s in the aftermath of the financial crisis.
“Given very low housing affordability, existing home sales have remained depressed since 2023, and at levels only comparable with the early 2010s following the financial crisis. I am concerned that, in the current environment, declines in house prices could accelerate, posing downside risks to housing valuations, construction, and inflation,” Bowman cautioned.
…
If Bowman is right and a sharper decline in home prices materializes, it could ripple across the economy, weakening household balance sheets and slowing residential construction—a sector that has historically helped pull the broader economy out of downturns. Her remarks suggest that policymakers are increasingly weighing how housing stress could complicate the Fed’s path forward on rates, particularly if falling home values begin to weigh more heavily on consumer spending and confidence.
1
Her remarks suggest that policymakers are increasingly weighing how housing stress could complicate the Fed’s path forward on rates, particularly if falling home values begin to weigh more heavily on consumer spending and confidence.
A slowdown across the board is inevitable. When your house rises in value like a winning slot machine, expect the hangover that follows. You spent like a 16 year old chick at the mall, the bill plus interest is now due.
So housing prices have to remain high, or bad things will happen.
3b,
Yes, they do. If you want to keep the present augmented reality.
Everything that has happened since the financial crisis bailout is like eating 20 white castles at 3am drunken night. Now is 3pm the following day and you are waking up with a nasty hangover and stomach is acting up. And you know that for the next 24hrs you got to be close to a bathroom with plenty of tp.
Companies need lower interest rates and cheap financing.
Housing crash gets rates there fast.
Sorry.
If Bowman is right and a sharper decline in home prices materializes, it could ripple across the economy, weakening household balance sheets and slowing residential construction—a sector that has historically helped pull the broader economy out of downturns.
Trump’s tariffs on building materials isn’t gonna help much either, and will amplify this situation should it occur.
Is it time to blow out the joint then? I keep getting lots of HELOC offers. I could borrow as much as I paid for my house the take that money and lay it all on the downside, the strategy that was famously used by Michael Burry would be nice some synthetic shorts on the housing bonds.
Juice
Life is short. You do you.
Bessent does
Trump-pledged support for Argentina stirs anger among Republicans
Powerful agriculture groups and their Republican allies in Congress are sounding alarms about the deal.
Guilty until proven innocent:
https://www.youtube.com/watch?v=rYCSXVAYyww
Availity.
Remember this name guys when you are navigating the healthcare system for you or one of your loved ones.
I learn something new every day.
“ I go to work every day with one goal in mind, to delight our customers. ”
Russ Thomas, Chief Executive Officer.
Well, I don’t know if patients are your customers, but I didn’t find you the least bit delightful.
Well, not you “directly.”
Everyone in healthcare just wants to be a toll taker.
Outcomes are meaningless, you want a piece of every transaction. Get it by any means possible.
If you can do it through regulatory capture, even better.
Finally finished rewiring the 110cc off road gokart, put in a brand new motor.
https://taomotor.com/products/go-karts/gk110/
Picked it up two years back off marketplace, thing was absolutely riddled with wiring issues and other gremlins. Probably not worth it given all the rebuild time I had to put into it.
But damn does that thing rip, even hauling my 200lb+ ass around. Over curbs, hills, tearing up the lawns around the neighborhood.
Luckily I live in a neighborhood where the Saturday-morning weighted-vest mom-walkers don’t have a problem with it.
Very nice Grim….I don’t have a gocart….just an electric dirt bike and a fast mountain bike I converted to e-bike with a 1500 watt hub motor. I burn through break pads all the time. I have been paying extra for the sintered ones they last a bit longer. I was thinking of switching out to 230 mm brake rotors with larger pads and hydraulic breaks Magura or Hayes..That can haul my fat ass around with a margin for saftey when I am going over 30 MPH. I ride from where I live pretty far, but sadly not often enough. The weather is cooler so I may get more road time this fall.
Late stage, corrupt capitalism.
Or is it Marxism with the federal government running communist Universal Healthcare for the 65 and older
grimn says:
September 27, 2025 at 11:45 am
Everyone in healthcare just wants to be a toll taker.
Outcomes are meaningless, you want a piece of every transaction. Get it by any means possible.
Complaining about BIG government while supporting Medicare.
typical regarded maga
I’m kinda annoyed. My wife and I have been wearing weighted vests for years and now it’s a fad and everyone has noticed.
BRT – https://www.youtube.com/watch?v=O678udKXDM8
My wife and I have been wearing weighted vests for years and now it’s a fad and everyone has noticed.
It’s an outgrowth of “rucking”- hiking with a heavy pack- which has gotten very popular over the last decade or so. The military has been doing it for centuries.
I’ve been rucking for years. (Generally in the shoulder seasons when it’s too muddy or icy for mountain biking and no snow for x-country skiing). Four or five miles with a 40 lb pack is a pretty good workout.
You are not safe anywhere in America.
Better get used to it. Oh, and where are those Epstein files.
It’s been more than 24 hours, the war in Russia isn’t settled.
Your soy farmers are crying.
Boomer is paying more for prescription meds.
Everything is more expensive. Make America Great Again? Please get started on this soon, before your butt baby is born. I haven’t seen the last episode so I don’t know whats gonna happen when you have your baby.
A shooter escaped on a boat after pulling up to a marina and opening fire on a group of restaurant diners, killing three individuals and injuring eight.
The suspect, whose identity is still unknown, pulled up to a popular tourist hotspot in Southport, North Carolina, at around 9.30pm on Saturday night, according to ChyAnn Ketchum, the city’s spokesperson.
Shots rang out near the American Fish Company before the suspect fled the scene on the Intracoastal Waterway toward Oak Island.
Maga controls White House, house, Senate, supreme court and about to shut down government.
They are good at culture wars, but awful at governance
Dark Phoenix says:
September 28, 2025 at 6:18 am
You are not safe anywhere in America.
Better get used to it. Oh, and where are those Epstein files.
It’s been more than 24 hours, the war in Russia isn’t settled.
Your soy farmers are crying.
Boomer is paying more for prescription meds.
Everything is more expensive. Make America Great Again? Please get started on this soon, before your butt baby is born. I haven’t seen the last episode so I don’t know whats gonna happen when you have your baby.
A shooter escaped on a boat after pulling up to a marina and opening fire on a group of restaurant diners, killing three individuals and injuring eight.
The suspect, whose identity is still unknown, pulled up to a popular tourist hotspot in Southport, North Carolina, at around 9.30pm on Saturday night, according to ChyAnn Ketchum, the city’s spokesperson.
Shots rang out near the American Fish Company before the suspect fled the scene on the Intracoastal Waterway toward Oak Island.
Wear Orange NJ residents are suing a billionaire developer to stop the construction of 496 apartments, including 100 affordable housing units in the town. For the usual reasons of course. West Orange is a heavily Democratic town, just saying.
3b,
Not in my backyard. I’m only compassionate on your turf and with your money. You’ll see the goodness in my gesture when all the unprivileged children are smiling in their new environment.
You aren’t stopping any corporation anymore.
The billionaires have paid off your politicians.
The politicians lick thier toes like cats.
Doesn’t matter, repub town, democrap town.
Outrage isn’t stopping anything anymore.
Karen can’t stop anything either. Voting doesn’t work, it’s a farce.
Y’all are under executive order now. They own you.
Y’all will be arrested if you gather to complain, your Flock and Elbit systems have you monitored.
Pegasus, Candiru, Devils Tongue, Sherlock, Predator, Paragon, Graphite= it’s overseas made, it’s on, or will be, on your phones, those texts by your daughter to her first love aren’t secure. Or that naked selfie she sent, someone, somewhere other than the BF is looking at it.
Your car, eg Onstar, has been ratting on you for years. Pretty much so are all of the others.
Gaggle software. Your school sells out your child’s thoghts in the interest of “safety.”
It’s reading every thought they write, claiming to figure out if your kid is happy or sad, bood or bad. Creepy as fucc I say.
So go buy your latte at Starbucks, then while you are waiting watch some Crazy Karen go nuts when the barista refuses to say the name Charlie Kirk cause somehow she identifies with him so much she forgot her own name.
Fully dysfunctional society and it’s gonna get worse every 30 seconds.
This place would function so much better hands off, but now it’s leaders are narcissistic controlling nightmares without any thought process that is governed by our constitution.
Those poor founding fathers. I guess they did a good job, they could never have forseen this problem. My hats off to them, it will be time to take a bow soon. Boomers ruined this place forever.
Dark: It does matter in that many Democrats pay lip service to affordable housing, and how everyone needs to be on board with it and do their share. Except, just don’t put it on our town.
Eddie,
If you were at a Nascar game, and had a heart attack from all of the beer and hodogs you drank, would you let an illegal worker there give you CPR if they were trained?
If they did, because you were out cold, and they saved your life would you call ICE on them the minute you woke up to get them arrested?
Just wondering.
Fast Eddie says:
September 28, 2025 at 9:28 am
3b,
Not in my backyard. I’m only compassionate on your turf and with your money. You’ll see the goodness in my gesture when all the unprivileged children are smiling in their new environment.
Lets address the first lie in this statment.
There is no affordable housing. It’s all unaffordable.
It’s apartments owned by corporations that extort money from residents.
3b says:
September 28, 2025 at 10:01 am
Dark: It does matter in that many Democrats pay lip service to affordable housing, and how everyone needs to be on board with it and do their share. Except, just don’t put it on our town.
Eddie,
If you were at a Nascar game, and had a heart attack from all of the beer and hodogs you drank, would you let an illegal worker there give you CPR if they were trained?
If they did, because you were out cold, and they saved your life would you call ICE on them the minute you woke up to get them arrested?
First of all, I love the term “Nascar game” and “hodogs.” You’re onto something there. As to your questions, it depends. Is the moon in the seventh house and is Jupiter aligned with Mars? If so, that person who saved me gets a year’s supply of Chex Mix and a MAGA hat.
3b
Are the usual reasons:
“ They argue in the lawsuit that the project would destroy wetlands, worsen flooding in the area and break agreements made in court nearly 20 years ago.”
Or
“ According to the lawsuit, the developer entered into a 2004 settlement with WeCare NJ that limited construction in the forest to 136 single-family homes on large lots, a plan meant to avoid environmental and safety risks.“
Link to the actual article that discusses it in its entirety instead of your usual bits and and pieces.
https://www.nj.com/news/2025/09/nfl-owners-family-wants-to-build-500-units-in-pristine-nj-forest-locals-are-fighting-back.html
The democrats take skullduggery to levels you can’t imagine. Build “affordable” housing, their construction friends make a fortune from tax dollars, the landlord friends make a fortune on collected tax dollar rents, the paved runoff isn’t handled well creating flood conditions that are “fixed” using tax dollars, mostly funneled into democrat pockets and the DNC while more structures and crowding leads to “climate change” that “must be addressed” using more tax dollars that get funneled to democrat “consultants” and “committee investigations.”
Any questions?
Once the Battle of Portland has ended and the streets cleared of flannel wearing late drinkers, the housing market will readjust, and beer will run through the water taps.
One question. Did you eat lead paint chips as a kid?
Put a bird on it.
I dont’ care what side anyone is on.
There is a limit to how much crap you “should” build on land.
Not that you “can’t”, just that you shouldn’t.
Eddie is half right, cause repupbs and democraps BOTH are involved, making shady deals, cash payments and gift cards, oh, and even gold bars found in closets.
Anyone thinking that there isn’t kickbacks involved in all of this is naive.
You can’t keep your nosy Karen neighbor from looking at your vacant lot and having her salivate like Pavlov’s dog.
Let’s bring it home to the Jersey shore.
https://www.youtube.com/watch?v=lUTRSP_3804
Phoenix – Donovan’s Reef…. one of the few places you can drink on the beach. What do they call those Staten Island women in that video in China? Sheng Nu…….. aka leftovers.
Hughes: No usual bits and pieces. The usual, traffic, overcrowded schools, congestion, wetlands/ natural habitats. Quite a bit of this in Bergen Co too, including in Paramus.
If West Orange was a predominantly Republican town I suspect you would have an issue with residents suing to prevent the development. But, since it’s an overwhelmingly Democratic town, then they have valid reasons to be against it. My original point stands.
America First? Really?
Instead of providing a $20 billion bailout to Argentina’s right-wing government, how about bailing out Americans who increasingly can’t afford healthcare, housing, education and groceries.
-Sen Bernie Sanders
Meanwhile, nice to see Bryson DeChambeau getting his a$$ handed to him.
I was at the Ryder Cup Live event on Friday in Rockefeller Center. Great atmossphere.
On left hand turns. In NJ why would they practice, when they have Jug Handles everywhere.
Juice,
The inditement of Comey is nothing more than a political stunt. The bar to get a grand Judy to rule is very low. I recall you got this bent out of shape when John Durham started going after Michael Sussman. How did that work out for you? This will end the same way.
Vsg, maybe we can import their entire population here because that magically would somehow be beneficial to us.
…how about bailing out Americans who increasingly can’t afford healthcare, housing, education and groceries.
Indefinitely or after the $20 billion is gone? Americans, as in legal Americans and not the world’s riff raff? Who ensures liberal politicians don’t get their hooves on the money?
Fab – That is a complete false argument. A prosecutor has to convince 23-person grand jury that they have “probable cause”. You make it sound like it’s a given when it’s not they rejected the third charge. The good citizens of Virginia believe Comey Obstructed a Senate investigation by lying. When McCabe takes the stand against Comey there will be fireworks.
You can write him when he is in prison, he will need a pen pal like you, someone who will believe anything.
Instead of providing a $20 billion bailout to Argentina’s right-wing government, how about bailing out Americans who increasingly can’t afford healthcare, housing, education and groceries.
You sound like those fascist right wingers two years ago
Photos have emerged of the pickup truck with two large American flags that rammed into a packed Latter-day Saints church in Michigan before a gunman unleashed a deadly shooting spree Sunday.
The silver GMC vehicle belonged to 40-year-old Thomas Jacob Sanford, an Iraq War veteran from Burton, Mich., The Post has learned.
Sanford’s Chevy Silverado pickup truck was pictured lodged in the brick façade of the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township, its rear bed displaying two flags.
Fast Eddie says: “Who ensures liberal politicians don’t get their hooves on the money?”
Who ensures Republicans didn’t get their hooves on the money?
After all it was them who spent it. You think they wouldn’t give kickbacks to themselves? You don’t think it’s them who have first dibs when they’re cutting the check?
Juice
Comey ain’t going to prison. your neighbor has a better chance of going to prison.
The North Carolina shooter. Purple Heart Vet. They are starting to snap.
The Fat Eddie King lovers got to start watching their back. A lot of people have done a lot of thing because they swore to the Constitution not to wannabe king.
BTW. Watch this weeks Real Time with Bill Maher interview with Aidan Walker. Walker tracks memes. Interesting connection between hopelessness in youth bringing nihilism and escapism found in the world created in phones.
Juice
They have to convince a majority of a 23 person grand jury. In this case its been reported that they got 14 of the 23 to advance the indictment.
Phoenix – Tell that to former Senator Robert Menendez or former White House officials Steve Bannon or Peter Navarro. They thought they were untouchable too.
Truth is power corrupts and sometimes the citizens do the right thing and indict and even convict.
Juice how is it false. The fact that one count was thrown out shows how flimsy the case is.
They have to show probable cause not beyond a reasonable doubt. They get to present a case and they defense can not rebut outside of filling motions with the Judge. The judge for his part will not step out of his lane. Why should he, let the next court have it.
Here is a great summary of the Ham Sandwich. https://abovethelaw.com/2016/02/criminally-yours-indicting-a-ham-sandwich/
How is your new penpal John Durham doing. Has he recovered from the humilliation or is he joining the rest like Ruddi and co in disgrace.
Hughes – 61% are you saying you don’t like majority rule? I would rather face a group of randomly selected citizens over a judge anytime.
We are saving our Democracy here. It relies upon accountability and a forthright presentation of facts to the Congress on Federal matterstters. That is why it’s a law for this very reason. You lie to Congress you can go to jail, last time the law was amendedBill Clinton was president. Back then people were ducking accountability they were claiming executive or personal privilege or objecting to get out of testifing.. Not so saymore..you can be subpoenaed and if you lie you can go to jail. That is why there is sworn testimony in the first place.
Fab – It’s a wonderful system you know. Jury system that is. If there is a reasonable doubt, you can walk just like the lawyer you mentioned above, who also was charged and it has to be all 12 jurors who must all agree on a verdict of guilty or not.
That wasn’t always the case you know…there used to be split-jury verdicts…. It was actually a Supreme Court justice appointed by Trump who wrote the majority opinion in the Supreme Court decision that made it so only in 2019..Neil Gorsuch for Ramos v. Louisiana…
Juice, you are clutching at straws here.
The point being that in a lot of cases the prosecution will look at it an determine they cant get above reasonable doubt, so there is no point persuing. Its a harsh reality. But sometimes, as with this, (and Sussman) its political and they push forward regardless and lose.
But sometimes you call it political and it goes aheand an someone get convicted on 34 counts as it does stick. So good luck, lest see what side you land on.
Fab We all know Comey was out to get Trump. He even told us so in open hearings in Congress. He also admitted to having given his memos to his friend, a former FBI agent, to leak to the media, hoping to get a special prosecutor, which succeeded because Robert Mueller was appointed after Sessions recused himself. Comey is such a self-righteous character that the chances he put something incriminating in writing are actually very good.
There is evidence apparently email from gmail or something, the grand jury found probable cause beause yes there is something that contradicts his sworn testimony to Congress. I’d say his goose is oooked.
Im still old enough to remember you guys spent two weeks demanding Corey’s head in Nov of 2016 and then did a 180 about face as soon as he was fired