2022 MORTGAGE CRASH 

Many have been speculating what’s going to be the key factor to bust the residential real estate housing bubble.  Well, it looks like we now have an answer to that, and that is . . . quickly rising home mortgage rates  combined with the fact that in many local housing markets, local residents have been priced out of the housing market because of the surging home appreciation.

Here in Phoenix Arizona, a recent report out shows that just about 25% of the residents can afford the average residential home!  Usually when there’s such an imbalance in affordability, it marks the top of the housing market.

2022 MORTGAGE CRASH 

Arizona new home construction

Sure, plenty of people are still buying homes, even in the face of rising mortgage rates. But, I think this is only a temporary phenomenon, that always seems to occur once mortgage rates start to move up.

Yes many who’ve been dragging their feet in purchasing homes are very motivated to jump into the market once the first signs of home mortgage interest rates moving up is evident. . . this is happening now! Although they don’t know it, these people who are jumping in right now to the residential housing market, are soon going to find out that they purchased at the pinnacle of the real estate bubble!

The 2022 US Housing Market could be heading for a HOUSING CRASH sooner than most think.

The 2022 US Housing Bubble keeps growing larger. The typical mortgage payment an average US Homebuyer pays has surged by 46% over the last year due to record home price appreciation and escalating mortgage rates due to the Federal Reserve increasing interest rates.

This unprecedented growth in mortgage costs has banks and lenders FRIGHTENED that there will be a mortgage crash in the US housing market in 2022. Because quite simply – homebuyers cannot qualify for mortgages at today’s prices.

Consider that one year ago the typical American homebuyer would have paid $1,170 for their monthly mortgage payment. Today that cost is over $1,700, a 46% YoY increase that is by far the largest in the last 40 Years.

This rapid escalation in mortgage payments (aka – the cost of owning a home) has vastly outstripped wage growth, which sits at only 5%. This difference is pricing Americans out of the housing market and could cause a housing crash if there are not enough qualified borrowers at today’s prices/rates. These surging costs are worst on the Western Half of America, in markets such as Austin, TX, Phoenix, AZ, Boise, ID, and Missoula, MT. It’s also bad in Florida, where the locals are completely priced out of the market in cities in like Tampa, FL and Sarasota, FL.

Worse yet – these vast increases in mortgage rates and payments have vastly outstripped inflation, suggesting that the 2022 US Housing Market Forecast is not supported by either Wages or Inflation.

An  opportunity to purchase a two-decade old real estate site ( https://www.brokerforyou.com/brokerforyou/) centering on San Diego California. Besides a very unique and generic URL, the site has over a thousand pages of content which provides for easy updating and basic SEO techniques to regenerate it’s hi keyword standings for San Diego real estate.

• www.brokerforyou.com is 24 Years old! The vast majority of search engine professionals agree that the age of a website is an important factor in the Google algorithm.

  There is also another undisputed factor in the ranking of websites. That factor, is the amount of unique specific content published on the website. So, it’s pretty hard for a two year old or a five-year-old or for that matter a 10-year-old website out rank a 24-year-old website that has 2 to 4 times the content.

  San Diego real estate opportunity  www.brokerforyou.com is for sale! if your real estate broker in San Diego California or thinking of expanding your brokerage business into San Diego, purchasing www.brokerforyou.com to give you a huge boost in becoming a player in the residential San Diego real estate market.

  Brokerforyou.com is for SALE

  Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65  billion! YouTube now operates as one of Google’s subsidiaries.

  www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!

  What’s the approximately monthly cost to host a website?  With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month!  Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.

  Interested, call Bob Schwartz (619) 286-5604 for additional information

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