The US Housing Market Bubble is turning into a Housing Crash fast. Homebuyers are dropping out and Sellers are cutting prices. Especially on the West Coast (Washington, Arizona, and California) and South (Texas and Florida). And this is liking just getting started.
WATCH: April 19th Video Predicting the Price Cut Surge: https://youtu.be/g5c1PONL1DI
Because record-high Home Prices, Home Building, and a backlog of Evictions/Foreclosures means that Inventory is likely to keep increasing through 2022. Meanwhile, a looming Recession could further deteriorate Homebuyer Demand and cause the Housing Crash to get worse.
On top of all of this – the Federal Reserve and Jerome Powell have been hiking interest rates, which have caused Mortgage Rates to surge. They have also started Quantitative Tightening, which will take money out of the system.
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