The Fed Pivot Is Deepening The Housing Market Crisis (RECORD Number of Homebuyers Cancel Deals)

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Main Idea: There is a record number of homebuyers pulling out of housing deals that were supposed to close, making the rising median home price not necessarily representative of the overall state within the housing market. Much of the housing market now hinges on the job market remaining stable, but white collar workers continue to be in the crosshairs of corporate downsizing.

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I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

DonaldMark-nese
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The American dream of homeownership is fading. I believe housing prices will keep rising in the coming years. Unfortunately, many Americans can no longer afford to buy a house and will have to rent for the rest of their lives. So, if you can afford to buy now, seize the opportunity before home ownership becomes out of reach.

One_Cebu
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It’s causing a ripple effect. Homebuyers are feeling the squeeze, and it’s leading to a record number of canceled deals.

sebastiaanthijn
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Hey man you look great with the new cut! real fresh dude!

AhrnNilsson
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To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

nicolasbenson
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Good Report. I esp appreciate the helpful quotes you gave at the end.

mktwatcher
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The increase in price drops could be due to sellers being way too optimistic with their pricing. I've never seen so many homes where sellers over-ask and eventually pull their listings. I think the percentage of not-serious sellers is at an all-time high.

Unit_
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Like the shades bud 😎 informational as always! thanks

ashdot
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Agreed. The real reason for the rate cut isn’t inflation being under control (the inflation is still going wild!). It is because the job market is declining- marking a declining economy.

uwugamerbee
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When discussing real estate, maintain a relaxed and well-informed demeanor.
Almost all information you encounter serves the purpose of attracting you as a client.
By critically analyzing and understanding this information, you can determine what is best for you.
A recent trend in Canadian real estate advertising involves complaining about politics and general life issues.
This strategy attracts discontented individuals who believe they are in good hands.
Are these Youtube videos effective? Absolutely.
However, it is crucial to discern the best path for yourself.
In this industry, no one is universally the best.
Success comes from trusting your Realtor.
#RealEstate #Realtor #CristianEnache #RightAtHome

CristianEnacheRealtor
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Larry, what's up with the shades and buzz cut? 😃 As always, good advice. Thanks.

falcundo
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You look really cool with the shades and fight club haircut talking about economic collapse. You should pick up smoking

Whomadegod
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They will not. Cuts are the beginning of the real crash. It will get much worse and the stock market is also going to drop.

JR-eqjz
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I'm wearing shades because I've invested 90% of my portfolio to memecoins😎

mkjyt
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Fed reducing rates should help housing affordability

skyyefinance
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The coming housing crash will make 2008 look like a joke

professorprofessorson
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2:47 😂 What if that doesn't happen?

Rytar
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What crisis? We need to accept that this is the new normal.

Tonyrg