
Housing hits another weak patch as investors balk at high prices. Will housing see another decline similar to 2008 or 2011? Ever since house prices began a steep, deep, and unprecedented decline in 2008, the government, lenders, and the federal reserve have changed policies and applied stimulus of various kinds to reverse the decline and reflate the previous bubble in order to restore collateral backing to bubble-era home loans to preserve the solvency of our banking system. Each manipulation and policy change managed to pull demand forward and prompt buyers to act sooner than they otherwise would at price points higher than they otherwise would. When the stimulus was removed, financial gravity took over, and prices went lower. The latest…[READ MORE]