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Posts tagged ‘real estate bubble’

16
Sep

Home Mortgage Crisis Is Getting Worse

Home Mortgage Crisis Is Getting Worse

In this video Peter Schiff warns about the dangerous trends in mortgage and refinance applications that may lead to something bigger down the road…

Peter D. Schiff is an economist, stock broker, financial specialist, host of the Peter Schiff Show Podcast, and author. He is the CEO and chief global strategist of Euro Pacific Capital Inc. Mr. Schiff has also written a number of books on investing over the years. He educates people all over the world about free market economics and the principles and benefits of individual liberty, limited government and sound money. Read more »

1
Sep

Real Estate Bubble Explained 2022

Real Estate Bubble Explained 2022

Patrick Bet-David breaks down whether or not the housing market is going to crash.

Love ya, but it’s only 700% more foreclosures year over year because of the forbearance programs of 2020-21.
One of the options on these forbearance programs was adding 10 years to your 30 year mortgage and tacking on all the deferred payments to the end of the mortgage.
That’s like saying “evictions are up 8000% yoy” when evictions were basically banned during Covid. You are right about a lot of things, but this stat was just sensationalism.

Read more »

22
Aug

Real Estate Home Sales COLLAPSE

Real Estate Home Sales COLLAPSE

Just last week, the National Association of Realtors reported a 20% YoY Decline in Home Sales to the lowest level in a decade.

Another sign that the 2022 Housing Crash and Housing Recession is getting worse. The decline in Home Sales is reminiscent to what occurred at the start of the 2022 Housing Crash. Especially in Housing Markets like Las Vegas, Phoenix, and Los Angeles, where data from Redfin shows that both Sales and Prices are down significantly over the last 2 months. Read more »

10
Jul

2022 Housing Inventory Way Up

2022 Housing Inventory Way Up

Homes for Sale is skyrocketing and Prices are Coming Down many Housing Markets across America. Particularly the ones with the biggest Pandemic Migration boom.

Empty Homes are PILING UP on the US Housing Market. Particularly in certain Cities and ZIP Codes where the 2022 Housing Crash is well underway. Read more »

29
May

New Home Sales PLUNGE by 30%

New Home Sales PLUNGE by 30%

New home sales drop in April by 30%!  Home Builders are beginning to abandon projects (and pull fewer permits) as a result.

US Census Bureau Data showed that Homebuyers purchased 30% fewer Newly Built Homes in April 2022 compared to April 2021. That’s one of the largest YoY declines on record and is further evidence that the housing crash has started.

Read more »

2
May

California Real Estate – It’s Over!

California Real Estate – It’s Over!

Yes, I’ve seen this before in 2005. . .home prices still going up while home sales are falling!

For those of you who may not be regular readers here is the link to the first warning blog post that I put out; my first post where I called the real estate market top was June 15, 2021 (https://www.brokerforyou.com/brokerforyou/real-estate-market-downturn/ ) . On June 17 I had a follow-up post ( https://www.brokerforyou.com/brokerforyou/real-estate-market-bust/ ) where I added additional indicators, that to me showed that the market was in a topping phase right now! I put the links to each one of those prior post above, and would suggest if you’re interested, to reread those posts! Read more »

4
Apr

Housing Market Inventory Increases

Housing Market Inventory Increases in March

According to new data from Realtor.com in certain cities across America homes for sale is up by double digits!

This could be a sign that the 2022 Housing Bubble is nearing an end. And that a Housing Crash could be coming soon. Read more »

28
Mar

Pending Home sales drop fourth straight month

Pending Home sales drop

Pending home sales fall for fourth straight month!

Pending home sales - California real estate - New California Real Estate Tax

Pending home sales fall

The Pending home sales are a leading indicator of the housing market,  and from the latest National Association of Realtors’ (NAR) Pending Home Sales Index  report, pending home sales declined for the fourth straight month!

Yes, the index fell 4.1% in February from January and dropped 5.4% from the same month a year ago! Read more »

1
Feb

2022 Real Estate Bubble

2022 Real Estate Bubble

Right now new home builders are Going Crazy AGAIN!

1.5 Million Homes are currently UNDER CONSTRUCTION across America. That’s the highest level EVER in the US Housing Market. Even more than the mid-2000s Housing Bubble. Are Home Builders about to cause another Housing Crash? Read more »

20
Nov

Selling Homes at a Loss

Selling Homes at a Loss in today’s market!

Selling Homes at a Loss - California Housing Markets 2021

At first Zillow said they were going to discontinue their home buying program through the end of the year. Then, Zillow announced that they were discontinuing the program altogether, and some speculated that at least 25% of their workforce was going to be terminated. They also announced that they would be selling off their inventory of approximately 7000 homes. Read more »