www.newsweek.com
Open in
urlscan Pro
99.83.154.66
Public Scan
Submitted URL: https://www.mynewsbreak.me/m/articles/?af_dp=newsbreak%3A%2F%2Fopendoc%3Factionsrc%3Ddmg_local_email_bucket_1.web2&docid=0q...
Effective URL: https://www.newsweek.com/housing-market-crash-imminent-rental-investor-warns-ticking-time-bomb-1851165
Submission: On March 10 via api from CA — Scanned from CA
Effective URL: https://www.newsweek.com/housing-market-crash-imminent-rental-investor-warns-ticking-time-bomb-1851165
Submission: On March 10 via api from CA — Scanned from CA
Form analysis
5 forms found in the DOMGET https://www.newsweek.com/search/site/
<form autocomplete="off" action="https://www.newsweek.com/search/site/" method="get" accept-charset="UTF-8"><input class="form-text" title="Enter the terms you wish to search for." placeholder=" đ Search" type="text" name="q" value="" size="15"
maxlength="128">
<input type="hidden" name="form_build_id" value="form-fZ682WsdOVy0CvQPbIUL2T6In25EQtbU6DClgu3ttr8">
<input type="hidden" name="form_token" value="NjTiMzKKqA3lZiZaca71FcNN-AlbGkwHKY6-BFpKd3U">
<input type="hidden" name="form_id" value="search_block_form">
</form>
GET https://www.newsweek.com/search/site/
<form autocomplete="off" action="https://www.newsweek.com/search/site/" method="get" accept-charset="UTF-8">
<input placeholder="Search" type="text" name="q" value="" size="15" maxlength="128" class="form-text">
</form>
<form class="free-signup">
<input type="hidden" id="utm_source" value="">
<input type="hidden" id="registration_url" value="">
<input type="hidden" id="site_form" value="article_inline_newsletter_Bulletin">
<input type="hidden" class="message" value="You're subscribed! Thank you for signing up to receive The Bulletin newsletter.">
<input type="hidden" class="newsletter_type" value="Bulletin">
<input type="email" name="email" id="email_address" class="form-text" placeholder="Email address" autocomplete="email">
<input onclick="return gtmAnalyticsEvent()" type="submit" class="form-submit" value="Sign me Up">
</form>
<form class="free-signup">
<input type="hidden" id="utm_source" value="">
<input type="hidden" id="registration_url" value="">
<input type="hidden" id="site_form" value="article_inline_newsletter_Bulletin">
<input type="hidden" class="message" value="You're subscribed! Thank you for signing up to receive The Bulletin newsletter.">
<input type="hidden" class="newsletter_type" value="Bulletin">
<input type="email" name="email" id="email_address" class="form-text" placeholder="Email address" autocomplete="email">
<input onclick="return gtmAnalyticsEvent()" type="submit" class="form-submit" value="Sign me Up">
</form>
<form class="sailthru-var" data-var-name="BreakingNews" data-var-attribute="value"><label>
<div style="font-family:'Roboto',sans-serif;
font-size:14px; color: #ffffff">
<input type="checkbox" name="BreakingNews" value="Gist"> Also send me Newsweek's <b>Breaking News</b> Newsletter
</div>
</label></form>
Text Content
* U.S. * World * Science * Health * Life * Rankings * Opinion * Entertainment * Fact Check * My Turn * Education * Sports Sports Betting Podcasts Better Planet Vault Mightier Autos Newsletters Unconventional Vantage Experts Voices Subscribe for $1 Login Ă Subscribe for $1 Login * U.S. * World * Science * Health * Life * Rankings * Opinion * Entertainment * Fact Check * My Turn * Education * Sports * Sports Betting * Podcasts * Better Planet * Vault * Mightier * Autos * Newsletters * Unconventional * Vantage * Experts * Voices Share Copy Link News * Housing Market * Housing * Rent HOUSING MARKET CRASH IMMINENT, RENTAL INVESTOR WARNS: 'TICKING TIME BOMB' Published Dec 12, 2023 at 5:09 AM EST 01:10 House Prices Plunge To Levels Not Seen For 10 Years By Giulia Carbonaro US News Reporter FOLLOW 3 Share The U.S. housing market might be hit by a price correction comparable to the one that took place during the Great Recession of 2008, according to one rental investor. "My take away from spending way too much time on Zillow scouring different markets is, it would not surprise me if there was a Great Recession sized price correction," Rohin Dhar, vacation rental investor and the owner of several Airbnbs in the U.S, wrote on X, formerly known as Twitter, on Sunday. "For large condo buildings with high HOA [Homeowners' Association] fees across the entire country. So expensive to maintain, such poor governance," he added. Dhar described the U.S. housing market as "just a ticking time bomb of expenses waiting to explode." Newsweek contacted Dhar for comment by direct message on X on Monday. A two-family house is under construction November 17, 2023 in Shelburne, Vermont. A rental investor said he wouldn't be surprised by an incoming major price correction, comparable to the one during the Great Recession. A two-family house is under construction November 17, 2023 in Shelburne, Vermont. A rental investor said he wouldn't be surprised by an incoming major price correction, comparable to the one during the Great Recession. Robert Nickelsberg/Getty Images The U.S. housing market boomed during the pandemic, as high demand, relatively low mortgage rates and historically low inventory sparked bidding wars between aspiring homebuyers and brought prices to skyrocketing heights. Newsletter The Bulletin Your daily briefing of everything you need to know By clicking on SIGN ME UP, you agree to Newsweek's Terms of Use & Privacy Policy. You may unsubscribe at any time. But as mortgage rates climbed in 2022 following the Federal Reserve's attempts to tamper inflation, demand suddenly faltered and the housing market experienced a slight correction. From late summer 2022 to spring 2023 prices across the country finally cooled down, though at different paces across the country. Read more * Democrats have a plan to shake up the housing market * These 3 states could see housing market crash next year * Donald Trump's inches away from losing his historic achievement For many experts, the housing market correction is already over. After consistently dropping for months, the average price of homes in the U.S. has been on the rise since March. According to Zillow, the average U.S. home value was $346,653 at the end of October, 1.8 percent higher than the same period the year before. Dhar's analysis of the market has been based on the fact that prices have dropped significantly in many American cities. On X, he brought up the example of a condo in San Francisco that lost significant value in recent years. "San Francisco six unit apartment building in Hayes Valley neighborhood," he wrote on the social media platform, sharing a listing. "Purchased in 2016 for $6MM. Sold this week for $3.75MM." San Francisco was one of the most overvalued cities in the U.S. and has been undergoing one of the most significant price corrections in the country. The price of condos in downtown San Francisco has dropped to levels unseen since 10 years ago. But major companies disagree with Dhar. In a recent report, Morgan Stanleyâone of the world's most important investment banksâwrote that it expects the price correction to continue next year but remain manageable. "We expect home prices to fall modestly as housing activity picks up versus 2023, with new home sales outpacing existing sales, but think the strong fundamentals of existing homeowners will prevent sizable corrections," Morgan Stanley wrote in a report shared with investors, as mentioned by ResiClub. UNCOMMON KNOWLEDGE Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground. Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground. Request Reprint & Licensing Submit Correction View Editorial Guidelines ABOUT THE WRITER Giulia Carbonaro FOLLOW Share on TwitterShare on LinkedIn Giulia Carbonaro is a Newsweek Reporter based in London, U.K. Her focus is on U.S. and European politics, global affairs and housing. She has covered the ups and downs of the U.S. housing market extensively, as well as given in-depth insights into the unfolding war in Ukraine. Giulia joined Newsweek in 2022 from CGTN Europe and had previously worked at the European Central Bank. She is a graduate of Nottingham Trent University. Languages: English, Italian, French. You can get in touch with Giulia by emailing g.carbonaro@newsweek.com. Giulia Carbonaro is a Newsweek Reporter based in London, U.K. Her focus is on U.S. and European politics, global affairs ... Read more To read how Newsweek uses AI as a newsroom tool, Click here. Trending 1. 01 MELANIA TRUMP REAPPEARS 198 comments 2. 02 HOW TO WATCH DONALD TRUMP GEORGIA RALLY: TIME, LIVE STREAM AND EVENT INFO 59 comments 3. 03 JIMMY KIMMEL IS UNCANCELABLE 34 comments 4. 04 LIVING WITH LONG COVID: 'YOU FEEL LIKE YOU HAVE BEEN POISONED' 19 comments 5. 05 JOE BIDEN MOCKS HIS CONFRONTATION WITH MARJORIE TAYLOR GREENE 22 comments 6. â Back To Homepage THE DEBATE BIDEN'S TOXIC NIGHTMARE OF A SPEECH MADE AMERICANS MISS TRUMP By Monica Crowley VS WHO KNEW BIDEN HAD IT IN HIM? BIDEN CRUSHED THE STATE OF THE UNION By Tim Ryan Opinion * Ignoring Donald Trump's Sex Assault Sins Takes Forgiveness Too Far By Benedict Cosgrove * Biden's Toxic Nightmare of a Speech Made Americans Miss Trump By Monica Crowley * Is Dark Brandon Laying a Trap? By Ross Rosenfeld * Master Storyteller Highlights the Need for Free Speech By Morgan Marietta * Democrats' IVF 'Protection' Bill Would Strip Rights From IVF Parents By Catherine Glenn Foster * Who Knew Biden Had It in Him? Biden Crushed the State of the Union By Tim Ryan * Pakistan's Democracy Is at StakeâA Call for International Action By Asif Mahmood * Liberal Elites Against Democracy By Josh Hammer * Rebuilding the U.S. Industrial Base Should Be a Priority of Our Government By Skyler Adleta * Trudeau Criminalized Peaceful Truckers. Now He's Silent on Genocidal Chants By Gord Magill * Dear Republicans: Industrial Policy Doesn't Work. It's a Gift to the Swamp By Brad Polumbo * We Must Protect IVFâAnd Protect the Patients, Too By Pamela Mahoney Tsigdinos And Allison Freeman Newsletter The Bulletin Your daily briefing of everything you need to know By clicking on SIGN ME UP, you agree to Newsweek's Terms of Use & Privacy Policy. You may unsubscribe at any time. Premium Subscription Digital + Monthly * Newsweek magazine delivered to your door * Newsweek Voices: Diverse audio opinions * Enjoy ad-free browsing on Newsweek.com * Comment on articles * Newsweek app updates on-the-go Subscribe now * Newsweek Voices: Diverse audio opinions * Enjoy ad-free browsing on Newsweek.com * Comment on articles * Newsweek app updates on-the-go * Home delivery option available Subscribe now TOP STORIES AMERICA'S TEENAGE POPULATION IS SHRINKING LAUREN BOEBERT DEFEATED IN REPUBLICAN POLL AFTER DONALD TRUMP ENDORSEMENT HUNTER BIDEN DEFENSE RIDICULED AS 'HOUSE OF CARDS' BY DOJ PROSECUTORS DONALD TRUMP ENDORSES REPUBLICAN WHO CONDEMNED HIM AFTER JAN. 6 RIOT U.S. World Science Health Rankings Opinion Entertainment Fact Check My Turn Education Sports Sports Betting Podcasts Better Planet Vault Mightier Autos Newsletters Unconventional Vantage Experts Voices -------------------------------------------------------------------------------- Trending Israel at War Vladimir Putin Russia-Ukraine War Donald Trump Subscriptions -------------------------------------------------------------------------------- Digital+ Monthly (Ad Free Trial) $1.00 Digital+ Yearly $49.00 Premium Monthly $9.99 Premium Yearly $99 -------------------------------------------------------------------------------- U.S. World Science Health Rankings Opinion Entertainment Fact Check My Turn Education Sports Sports Betting Podcasts Better Planet Vault Mightier Autos Newsletters Unconventional Vantage Experts Voices Trending Israel at War Vladimir Putin Russia-Ukraine War Donald Trump Subscriptions Digital+ Monthly (Ad Free Trial) $1.00 Digital+ Yearly $49.00 Premium Monthly $9.99 Premium Yearly $99 In The Magazine March 15 2024 Issue In The Magazine March 15 2024 Issue Newsletters in your inbox  See all The Bulletin (Mondays to Fridays) See Sample The Gist of It (Daily) The Josh Hammer Report (Wednesdays) See Sample The Frontlines (Thursdays) See Sample Israel at War (Tuesdays and Thursdays) For The Culture (Tuesdays and Thursdays) See Sample Pawsitively (Mondays to Fridays) Better Planet (Mondays) My Turn (Sundays) Sign up now You can unsubscribe at any time. By signing up you are agreeing to our Terms of Service and Privacy Policy -------------------------------------------------------------------------------- Company About Us Masthead Diversity Announcements Archive Policies and Standards Mission Statement Leadership Newsletters Press Center Editions: U.S. Edition æ„æŹ Polska RomĂąnia Contact Advertise Careers Contact Us Corrections Terms of Use Cookie Policy Copyright Privacy Policy Terms & Conditions Terms of Sale GDPR Privacy Settings Do Not Sell My Personal Information © 2024 NEWSWEEK DIGITAL LLC A lot happens in a day. Don't get left behind. Catch up on all youâve missed with The Gist of It: smart summaries of the day's events every evening. Invalid email address  Also send me Newsweek's Breaking News Newsletter Sign Me Up By clicking 'SIGN ME UP,' you agree to Newsweek's Terms of Use & Privacy Policy. Unsubscribe at any time. Thank you for signing up! We appreciate your readership. Check your inbox weekday evenings for the latest edition.