It’s important for Homebuyers to remember that the US Housing Market is still in the biggest bubble ever entering 2023. The ratio of Home Prices to Income is the highest on record. Even higher than before the 2008 Housing Crash.
That means that homebuyers in America are priced out. They can’t afford the downpayments or mortgage payments. Which is the demand to buy houses is currently sitting at the lowest level in a decade. That record-low buyer demand is the sign of the first stage of the Housing Crash.
The second stage will include much bigger declines in prices. In cities such as Charlotte, Tampa, and Dallas, where home prices are 30% overvalued, we could see sellers cut the price substantially in 2023. Same in metros such as Miami and Las Vegas.
—
JOIN as a Reventure CHANNEL MEMBER:
https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
INSTAGRAM: https://www.instagram.com/reventure_consulting/
TWITTER: https://twitter.com/nickgerli1
CONACT US: https://reventureconsulting.com/contacts/
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Videvo. http://www.videvo.net/
#HousingCrash