"Western housing bubble": Median home for sale: Arizona $427,000, Colorado $552,000, California $799,500, Utah $599,000

[Rocko20]

Originally Posted by Marv95

Why do I feel like this is the late 2000s all over again.

This can't continue. Especially with stagnant wages.

Just blame Trump, that seemed to work well in the past.

What we have is a huge bubble and it’s going to burst sooner or later. In part due to COVID lockdowns.

[SWFL_Native]

Originally Posted by mlb

Utah median home price is NOT $599K. Just NO.

It’s like $335K.

Are you quoting the median price of utah homes sold or the median price currently listed inventory?

[phinneas j. whoopee]

Originally Posted by mlb

I know the neighborhoods of the Salt Lake Valley intimately. I was a city clerk there.

There is NO WAY that median holds.

Housing IS tight but salaries are low.

THAT is the problem.

Its easy to think of that correlation.

Salaries are low but the immigrants are flooding the border keeping demand high.

[WannaliveinGreenville]

It will "explode" just like it did in 2008. These are "inflated" prices. Remember when those $500,000 (inflated homes) dropped back down to $182,000? I used to track it. Many walked away from their "bloated" mortgages back then...

[JimRom]

Originally Posted by greywar

Which must be why we became a net exporter of oil while he was president....

September 2019 was the first time that we exported more oil than we imported since at least 1973 (when monthly records began being kept). That was not during Obama’s term. We were a net importer of oil throughout Obama’s term as President. We hit a record low import pace under Obama, mainly due to the shale boom, but we never achieved net exporter status.

[blahblahyoutoo]

Originally Posted by LKJ1988

Record gas prices just like we saw with Bush2. WAKE UP JACK.

i thought we were talking about housing.