Full screen recommended.
Dan, I Allegedly 10/18/23
"The Real Estate Numbers Don’t Lie"
"You cannot argue with the numbers when it comes to real estate. 2023 is going to be the slowest year on record for real estate transactions since 2008. I discuss the rise of foreclosures, declining affordability, and the impending slowdown in real estate."
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The Atlantis Report, 10/18/23
"The Fed Absolutely Destroyed The Housing Market"
"Rising borrowing costs have made it difficult for numerous potential buyers to enter the market. Concurrently, current homeowners are hesitant to list their properties for sale because they wish to retain the attractive low-interest rates they secured years ago. This dynamic has sustained high property prices despite declining demand. For these reasons and many more, the housing market remains uncertain, and experts believe that affordability will only lessen if mortgage rates undergo a more substantial reduction.
The major issue here is the sudden increase. Nothing is the same as it was even just a year ago. Investors, homeowners, buyers - everybody is awakening to the rude shock that it’s no longer business as usual. Home prices remained remarkably stable between 1970 and 2000, but a significant shift occurred in the early 2000s. Out of the blue, home prices began to surge considerably faster than inflation. By 2006, home prices had reached their zenith during the initial bubble, having grown by 80% since 1970. However, in 2007, they underwent a slight correction, and by 2008, a full-scale crash was underway."
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