Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

Econ & Housing

A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren’t using their homes like an ATM.”That caused so many people to go upside down,” the…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Governments can cut buildings’ embodied carbon with new policies, reports say
Lumber Futures – September 28, 2023
Greater Boston’s housing supply posts highest increase in the nation
Stock futures inch higher as S&P 500 and Nasdaq face worst month in 2023: Live updates
Chicago new apartment construction declines