May 23, 2026 2:41 pm
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Housing is waking up to a new hangover

hangover_manBy Diana Olick | CNBC

First came a historic national crash in home prices, then a surprisingly sharp jolt off the bottom. Investors, desperate for yield and fueled by Fed-induced cheap cash, swarmed the most distressed housing markets, buying bargain-basement properties and turning them into rentals. Some markets saw double-digit annual price appreciation. Some analysts started to float the word “bubble,” again.

Now, finally, reality is setting in yet again.

Continued:

Related: Negative Equity Falling, but Still Exceeds $1 trillion

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