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Housing Market CRASH: 2/3rds of Markets Fallen from Peak!
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New data is showing the housing market crash has now hit 98 of 148 housing markets in the US!
The crash is a result of the continued affordability crisis driven by the Federal Reserve increasing interest rates and the massive home price appreciation over the past two years.
BUT, prices are cooling in most US real estate markets--the real estate bubble is ending. Hit hardest so far are California and Seattle, along with the "overvalued" low-cost-of-living markets that saw the greatest influx of people during the pandemic, like Boise, Salt Lake City, Dallas, Nashville, and Phoenix.
Despite prices and transactions cooling, we aren't seeing a massive increase in inventory like we did in 2008!
Let me know in the comments below if you have any questions!
Don't forget to give the video a like and subscribe to see more! Thanks!
The crash is a result of the continued affordability crisis driven by the Federal Reserve increasing interest rates and the massive home price appreciation over the past two years.
BUT, prices are cooling in most US real estate markets--the real estate bubble is ending. Hit hardest so far are California and Seattle, along with the "overvalued" low-cost-of-living markets that saw the greatest influx of people during the pandemic, like Boise, Salt Lake City, Dallas, Nashville, and Phoenix.
Despite prices and transactions cooling, we aren't seeing a massive increase in inventory like we did in 2008!
Let me know in the comments below if you have any questions!
Don't forget to give the video a like and subscribe to see more! Thanks!
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