The Housing Market is Taking off to Fracture (2008 Form)

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The housing market for a terribly very very prolonged time has been in take of home sellers. These home sellers got story breaking prices for their single family properties, home flips and spec builds. We're seeing actual property builders and actual property hedge funds flip to a condominium model as they're going to now now not promote their total tract home communities that they funds with very costly mortgages and loans.

Now curiosity charges are rising, shares are destroy, REITs are in hazard and merchants are browsing at their stable haven which for many is money. Are we going to stare an extensive actual property destroy attributable to all of the debt that is held by everyday Of us coupled with tall job loss, retirement plans being punished inner the markets and this affordability catastrophe all coming to a head at one time?

How will the housing market stand up in 2023 and 2024? Will we leer a 2008 housing market destroy in all areas again?

#housing #destroy #realestate https://www.youtube.com/watch?v=a6V2fV9xDJ0&feed_id=14027&_unique_id=637e6ce8bf9dc