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 
2022 Housing Crash has started
2022 Housing Crash
A big problem for home builders and could cause a Housing Crash soon.
Surging Mortgage Rates has made buying a Home in in US Real Estate Market much more expensive over the last three months. Particularly so for newly built homes. Read more
Home Listings up!
Home Listings up!
New Home Listings SURGED across the country in August. Is this Housing Bubble Over?
For those of you have not been following my blog, 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!
The US Housing Market has gone wild over the last year. Home prices today are at an all-time high relative to inflation, while year over year appreciation is setting records according to the Case Shiller Home Price Index. The current market is pricing out many home buyers and real estate investors. And has many concerned a Housing Crash is around the corner. Now, new data from Realtor.com suggests that the Bubble could be over and a housing crash is on the way. Read more
Another real estate market bubble?
Real estate market bubble?
Recently many real estate cheerleaders have been hyping up the fact that investors have purchased over 20% of single family homes in recent months. (It must be a good time to buy because “investors” are buying the homes!) There was another time in history when investors made up 20% of single family home purchases: Read more