Morning Jolt: Warning: The Spike in Home Prices Is Steeper Than It Was before 2008

On the menu today: You may have heard people saying that there's a housing bubble about ready to burst, but you may not have known that the spike in prices over the past two years is rising faster than it did during the run-up to the 2008 bursting of the housing bubble — the national average sales price of a home has increased by 35 percent in less than two years! Elsewhere, the New York Times asks surprisingly tough questions about John Fetterman's health; and a key point to keep in mind as coverage of the monkeypox outbreak continues.

Abnormal: Watching Average Sold-Home Prices Increase 35 Percent in Under Two Years

Yesterday, our Kevin Hassett asked whether the housing bubble is about to burst, and he concluded that, "For the recession we are probably entering, the most likely outcome is that home prices decline somewhere between the 1982 rate and the rate from 2008. After a 19.8 percent increase over the past year, the odds are that most American homeowners will end the recession playing with house ...

TODAY'S MORNING JOLT WITH JIM GERAGHTY IS PRESENTED BY

WITH JIM GERAGHTY May 24 2022 WITH JIM GERAGHTY May 24 2022 Warning: The Spike in Home Prices Is Steeper Than It Was before 2008 On the menu today: You may have heard people saying that there's a housing bubble about ready to burst, but you may not have known that the spike in prices over the past two years is rising faster than it did during the run-up to the 2008 bursting of the housing bubble — the national average sales price of a home has increased by 35 percent in less than two years! Elsewhere, the New York Times asks surprisingly tough questions about John Fetterman's health; and a key point to keep in mind as coverage of the monkeypox outbreak continues. Abnormal: Watching Average Sold-Home Prices Increase 35 Percent in Under Two Years Yesterday, our Kevin Hassett asked whether the housing bubble is about to burst, and he concluded that, "For the recession we are probably entering, the most likely outcome is that home prices decline somewhere between the 1982 rate and the rate from 2008. After a 19.8 percent increase over the past year, the odds are that most American homeowners will end the recession playing with house ...   READ MORE

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