From Newsweek:
Price Correction ‘Worse Than 2008’ Coming To US Housing Market—Analyst
The only transactions that continued happening in the U.S. market at volume this spring and summer, she said, were for higher-priced homes. “You have this bifurcated housing market, but the majority of folks transacting are in these upper tiers, so your median [home price] is going to be higher,” Wright said.
“However, what I’ve been seeing over the last three months, and this is—I get into the dirty dirty details—underneath the covers, that $100,000-$250,000 sales price, we are starting to see incremental increases in sales in that category,” she added.
“And so as it continues, it will start to drag the median down. It’s happening already and that’s where we’re seeing the deceleration,” Wright said, adding that we are going to end the year with “flat” home price growth.
Steeper cuts will come later, she warned. “It’s going to be worse,” she said, when asked to make a prediction about 2026.
Wright is expecting a big drop in home prices next year, as investors who are not making money from their properties withdraw from the market.
“What happened last time was, we were on our way down to where household median income would actually match home median prices, but we never got there because Wall Street came in to buy those [homes],” Wright said.
“But now they’re crying on TV,” she said, adding that some investors are claiming they were asked by government-backed mortgage agencies to intervene and purchase those properties.
“They’re going to start crying a lot louder soon and say, ‘Hey, we saved you, government.’ And so, who’s the buyer now?” Wright said she fears the government might be forced to step in as “the buyer of last resort.”
Another fear Wright has is about the quality of the homes that investors are likely going to be leaving behind. “In the last cycle, remember how many all-cash buyers we’ve had? When these are not on a bank’s balance sheet, there’s nobody that’s going to be cutting the grass, there’s nobody that’s going to be winterizing that home, taking care of the mold problem,” she added.
“And so I think we could see this kind of devolve into chaos a lot faster than we did last time as many investors abandon these properties.”
Wright then said that next year home prices might correct to the point where they match the median household income. In 2024, according to data from the U.S. Census, that median was $83,730.
That is going to be a price decline “near your 50 percent,” she said. “And much greater in certain areas.”
(doesn’t count as first)
Fundamental flaw in his prediction is that median incomes can purchase the median homes, which has never before happened in the history of the US. His position that Wall Street swooped in to create the floor is simply not accurate..
“What happened last time was, we were on our way down to where household median income would actually match home median prices, but we never got there because Wall Street came in to buy those [homes],” Wright said.
1
Might not be 100% accurate.
But is close enough in that Wall Street had all that money accessible to them that would not have been there if there had not been Extend and Pretend, QE by Fed hoovering up MBS and 0% interest.
Without the above they would have been bankrupt.
Now, who is going to do the same or equivalent bail out for the upcoming cockroach infestation? Who is going to show the money?
You saying affordability has improved?
grim says:
November 25, 2025 at 6:26 am
(doesn’t count as first)
Fundamental flaw in his prediction is that median incomes can purchase the median homes, which has never before happened in the history of the US. His position that Wall Street swooped in to create the floor is simply not accurate..
“What happened last time was, we were on our way down to where household median income would actually match home median prices, but we never got there because Wall Street came in to buy those [homes],” Wright said.
WTF?
Not at all, just that if anyone is predicting price declines due to mean reversion (median reversion in this case), it would be a much stronger argument if there was some factual basis for that relationship having had existed at some point in history.
Freaking Alphabet stock on fire
More nonsense.
https://www.nj.com/politics/2025/11/this-maga-influencer-claims-republicans-are-fleeing-nj-heres-what-the-numbers-actually-say.html
Gemini is the shit, for the first time since GPT3.5 release, there is a viable competitor to OpenAI. Coding model is really good, may be better than OpenAI (but not Claude).
Though Anthropic just dropped Claude Opus and Sonnet 4.5 and is the benchmark leader (across most benchmarks) again.
DOGE was a colossal failure.
By destroying instruments of American soft power such as USAID, Voice of America, Radio Free Europe, and Radio Free Asia, DOGE only helped our autocratic adversaries without advancing a single American national interest.
VSG
it’s not a flaw, it’s a feature
they also got access to all our personal and government information
Dark Phoenix says:
November 25, 2025 at 7:05 am
VSG
it’s not a flaw, it’s a feature
“What happened last time was, we were on our way down to where household median income would actually match home median prices, but we never got there because Wall Street came in to buy those [homes],” Wright said.
In a court of law. there would be a loud ‘objection’ followed by an equally loud ‘sustained’. Which strain of hemp is this cat ingesting?
Wright then said that next year home prices might correct to the point where they match the median household income. In 2024, according to data from the U.S. Census, that median was $83,730.
LOL. Oh G0d.
Ten 401
Best Buy strong third quarter earnings, WSJ article says consumers appear to be shrugging off tariffs, and consumers still spending. Walmart and TJ Maxx also doing well, and Amazon expects a strong holiday season. Lots of noise out there as to where the economy is headed.
Time for him to outmaneuver the defense….
Missing high school football coach Travis Turner is now wanted on five counts of possession of child pornography and five counts of using a computer to solicit a minor, according to Virginia State Police (VSP).
Officers have been utilizing search and rescue teams, drones and K9 units to track down Turner, who mysteriously disappeared late last week amid his undefeated football team’s ongoing playoff run.
Trying to make the best running play of his career. Takes the snap, up the middle, breaks a tackle, evades two defenders, look at him go, the speed, the agility….
At the time, Turner was discussing his Bears’ next playoff game against Graham – a contest Union would go on to win, 12-0, on Saturday to improve to 11-0 on the season.
However, that game was played without Turner, who’d gone missing days earlier.
In a since-deleted Facebook post, his wife, Leslie, offered the following update on Saturday: ‘I just wanted to get on here for a second to clear up something, as of right now, 10:25 PM on Friday night, Travis is missing, & that’s all we know.
‘We love him & need him here with us. Thank you to everyone who has reached out with love & support. It means more than you know. Just keep praying that he comes home.’
Did anyone see the projections from real estate analytics firm Cotality that the average homeowners insurance policy will go up 8% in 2026, and an additional 8% in 2027? They say the increases in natural disasters and rebuilding costs are responsible. When you look at the cost of property taxes (especially in an exclusive place like NJ) things are really getting unaffordable.
Found Eddie:
https://www.instagram.com/reel/DRav7OKDDqH/?igsh=NTc4MTIwNjQ2YQ==
Chad,
When you look at the cost of property taxes (especially in an exclusive place like NJ) things are really getting unaffordable.
If affordability is your problem, NJ is not your state. We elected another democrat to keep taxes high. Evidently, it keeps the riff raff in their place.
Cry harder
Another line item society correction: When you’re driving on the right side of a two lane road and a car in the oncoming lane wants to make the left in front of you, especially when there’s a 20-car backup behind them, slow up, tap your high beams and let them turn. Not only will the driver be grateful but the 20 cars behind them will, too. I can’t remember the last time someone slowed up and waved me on to make a left turn. A few times, it was so bad and there were so many cars piled up behind me that I just said ‘fuck it’ and drove on. I didn’t want to hold anybody up.
It’s yet another illustration of the soft, mediocre populace that would walk over you if your corpse was blocking the way. Sort of like when that girl that was on fire in Chicago and not only did people do nothing, but their pudgy fingers had to record it.
Another observation: If you’re walking too slowly in a narrow, store aisle on a bike/walking trail and someone is behind you approaching briskly, step to the side and let them go. I understand your oversized girth may be hindering you but yet again, being a ‘selfish me d0uche’ is not acceptable and you need to change your attitude and behavior.
So, what contribution are y’all going to make over the holiday break? Where will you volunteer your time to assist others or some cause instead of being pissed because you didn’t get your favorite alcoholic beverage.
Waaaaaaaah waaaaaaaah Gary’s “life” advice
Insurance is becoming a joke….it’s supposed to save individuals, not bankrupt them. Speaking about any form of insurance ….all went to chit from human corruption. From people using false claims, to the industry corruption, and to the legions of lawyers robbing the system.
Need a new approach…..blow it up, and start from scratch.
Chad Powers says:
November 25, 2025 at 11:24 am
Did anyone see the projections from real estate analytics firm Cotality that the average homeowners insurance policy will go up 8% in 2026, and an additional 8% in 2027? They say the increases in natural disasters and rebuilding costs are responsible. When you look at the cost of property taxes (especially in an exclusive place like NJ) things are really getting unaffordable.
I mean if insurance has become unaffordable, what is the point? Work to pay insurance?
Ten 399
Delusional.
Chicago Mayor Brandon Johnson: “We can not incarcerate our way out of violence…It’s racist..”
Eddie,
Considering that NJ spends the most per mile on its roads out of all 50 states, would it be too much to ask that they design the roads to consider that someone may need to make a left turn wouldn’t block traffic?
No One: Bergen Co does not like left only lanes/ signals, as it gives off an urban congested vibe. I was told that year’s ago by a traffic official.
The Great Pumpkin,
Insurance in Germany is interesting. Most people seem to be over insured. We met with our insurance agent earlier this year after buying our neighbor’s house and added a couple of policies. One of the policies covers you from going bankrupt in case you’re sued. It wasn‘t all that expensive for three single family houses (one of those we rent out). The neighbor‘s house is considered empty because no one sleeps in the house but I‘m over there every day as it is only 20 feet away and on the same property. While insurance and property taxes are low here, income tax is high and wages are much lower than in the US.
Education, health, training, livable wages, social and community programs, etc, etc they are many options to prevent violence and incarceration
Black peoples don’t get pardons
The Great Pumpkin says:
November 25, 2025 at 2:02 pm
Delusional.
Chicago Mayor Brandon Johnson: “We can not incarcerate our way out of violence…It’s racist..”
Isn’t maga working on its healthcare plan for the past 12 yrs?
The Great Pumpkin says:
November 25, 2025 at 1:13 pm
Insurance is becoming a joke….it’s supposed to save individuals, not bankrupt them. Speaking about any form of insurance ….all went to chit from human corruption. From people using false claims, to the industry corruption, and to the legions of lawyers robbing the system.
Need a new approach…..blow it up, and start from scratch.
Except Boomer don’t use blinkers.
I see cars attempting all sorts of maneuvers but Boomer won’t turn blinkers on until after they have turned.
I can’t let you pass if I don’t know where the FOCK! you are going
White Trash Eddie says:
November 25, 2025 at 1:00 pm
Another line item society correction: When you’re driving on the right side of a two lane road and a car in the oncoming lane wants to make the left in front of you, especially when there’s a 20-car backup behind them, slow up, tap your high beams and let them turn.
I don’t ever let anyone out unless it’s their turn.
I contend that stopping the flow of everyone else is rude to the people behind you. It’s also more likely to cause an issue. Most people know the rules of the road, doing something out of the ordinary like letting someone else go out of turn is going to cause more problems than it solves.
I do like the Pittsburgh left in theory, it the only place it is always used and therefore expected, is Pittsburgh.
Want to realize the avg intelligence around you? Drive around on a rainy day. I don’t make the rules. Good portion of the population is low iq.
I am not a righty or lefty. I am party logic.
So let me get this straight: you don’t think people should be killed for murdering others? It would send a loud message quickly to that Chicago neighborhood. F around and find out. Instead, you want no accountability and only blame…that’s how we got into this mess.
VSG says:
November 25, 2025 at 3:50 pm
Education, health, training, livable wages, social and community programs, etc, etc they are many options to prevent violence and incarceration
Black peoples don’t get pardons
Did they deport your father instead of killing him?
The Great Pumpkin says:
November 25, 2025 at 4:47 pm
I am not a righty or lefty. I am party logic.
So let me get this straight: you don’t think people should be killed for murdering others? It would send a loud message quickly to that Chicago neighborhood. F around and find out. Instead, you want no accountability and only blame…that’s how we got into this mess.
VSG says:
November 25, 2025 at 3:50 pm
Education, health, training, livable wages, social and community programs, etc, etc they are many options to prevent violence and incarceration
Black peoples don’t get pardons
VSG,
Imagine if ghetto people valued education over gangs. Imagine if ghetto people valued hard work over free. Imagine if ghetto people understood accountability. Imagine if ghetto people valued their family structure. There would be no such thing as a ghetto.
How to become poor and ignorant :
1. Blame others for your problems.
2. Piss on your free education; never learn how to read, write, or do math beyond the elementary grade level.
3. Resort to crime like robbing your own family.
4. Destroy your home and neighborhood with utter laziness. You throw garbage where you please and destroy everything.
5. Encourage and embrace lawlessness.
6. Encourage and embrace gang culture.
7. Embrace victim mentality.
Look at that list. Now understand reality. Just because you are poor, doesn’t mean you have to live like a low life piece of chit thug. This is an issue with the individual. They choose this. It’s why rich people move away and don’t want their kids to go to school with these kids. Nothing to do with race…wake the f up.
Ukraine Agrees To a Peace Deal!
https://www.yahoo.com/news/articles/army-secretary-driscoll-meeting-russians-042423525.html
Trump wins again!
All the winning!!
Private companies lost an average of 13,500 jobs a week over the past four weeks, ADP said as part of a running update it has been providing.
With the government shutdown still impacting data releases, alternative information like ADP’s has been filling in the blanks on the economic picture.
VSG,
Have a laugh…
https://x.com/officer_lew/status/1992718947607556559?s=46
Would be very surprised if Russia signs on.
The 28 point plan requires Russia to pay for the reconstruction of Ukraine, allows it to join NATO, gives Ukraine article 5 provisions regardless of joining NATO.
Grim: They can always sign on and then renege in the future. This could give them breathing room to regroup/ rebuild etc.
Join NATO unlikely to happen, it would require unanimous consent from all existing NATO members. Heck they won’t be allowed to join the EU either for the very same reason.. All 27 EU member states must unanimously agree to a new member’s accession, and that is if they can meet the standards to join. There is a massive concern already about Ukrainian grain being dumped on the markets, imagine if they got unrestricted access the rest of the farmers in the EU would be out of business.
End the war, hold elections, rebuild the country, reform the corruption and become a good trading partner. This applies to both Russian and Ukraine. Hopefully they can work this out and soon, there have been enough casulaties on both sides.
Security guarantee is not another article 5, it’s a 10 year temporary plan. There will be no NATO bases and Troops stationed in Ukraine. Ukraine army will be limited in size as well. I am pretty sure if Putin were to accept the deal and then turn around and attack again US won’t be sending Army Rangers parachuting in to the front lines. Same for the rest of the EU, they won’t be sending their young men to the front lines either. If anything the last 4 years has proven is the EU does not have the will to fight even if it”s their own back yard. They did not mobilize and raise large full time armies in the last four years of war, and won’t do it even it this peace plan fails and war drags on for to the end of this decade.
Juice: I agree. Ukraine will never be admitted to the EU, too poor, too corrupt, and the EU has major structural problems of it’s own that it will have to address.
And now without further ado:
https://www.instagram.com/reel/DEntY-gPJks/?igsh=NTc4MTIwNjQ2YQ==
Juice: The Epstein files are going to be released, so now it is on to something else. There has to be something going on all the time.