We knew something like this was likely. In fact, it was probable but it did not fit into the Housing Narrative at the time. It is clear that Home Buyers who recently purchased homes in 2022 are now experiencing "Equity Risk" based on where the Housing Market is headed and many are already defaulting on their monthly mortgage payments. This should come as no surprise, especially when looking at the amount of defaults associated with FHA/VA loans, since the borrower qualifications for those mortgages are more flexible than other loan programs. This is the flip side of stretching your purchasing ability during peak markets.

It is clear to see that the average person is now getting inundated with all sorts of Housing related articles. Most of these are now referring to the changes in the Housing Market, which is currently experiencing a Correction, with a Crash most likely to follow. Even the Chairman of the Federal Reserve, Jerome Powell, stands behind is statement made back in June regarding the fact that he needs the Housing Market to "reset" in order to make Homes affordable for the majority of people, not just the wealthy or the Investor Market.

Are you a Housing Bull or a Housing Bear ? Do you think the Housing Market will continue to slide into Crash territory or are we simply experiencing a short term phenomenon ? Another Wall Street financial firm gives their opinion as to what they believe will occur in the near future. It is very conservative to say the least.

With respect to the obvious change in the US Housing Market, every week se now see more information and analysis as to where the Housing market is headed in the future and where values and price points wi eventually end up. This week a well known Real Estate consulting firm, John Burns Consulting, gives their analysis as to where the top US metros currently fall in the Real Estate cycle.

There can't be a crash without Foreclosures. They have been slowly increasing over the past year and will have a definite impact on how the Housing Market plays out with respect to the Housing Correction and Crash.

Old debt is making a comeback. Homeowners who thought that there old 2nd Mortgages or HELOCs were written off back in the day are becoming rudely awakened as these old Mortgages are still valid, and are now starting to pursue collection and Foreclosure due to the equity gain over the past number of years. Many were under the impression that the debt was cancelled. Well, cancelled is not forgiven nor was the debt released and satisfied.

As we have seen over the past few weeks, more organizations and people are contributing their thoughts and predictions as to where the Housing Market is headed over the next few years. Suffice to say that the majority of those chiming in are fully behind the fact that we have, our are in a Housing Bubble and therefore the Housing Market will need to have a correction or crash in order to bring Home Prices back down to reality where the majority of people can purchase them at reasonable price points. Additionally, the Housing Market has witnessed another casualty in the iBuyer arena. This time it is RedFin's iBuying division which posted massive losses and as a result, is laying of 13% of its work force, those primarily associated with its iBuying business.

Another week, another article about how the Housing Correcting and Crash is playing out. Suffice to say, the are more than enough indicators that are clearly telling us that the Housing Market is in for some difficult times ahead. Moody's Analytics has bee in the forefront with the data and heat maps, which indicates what is going on and what is most likely to happen. It has also been recently reported that the average homeowner has lost over $30,000 in equity since May 2022.

Rental Rates have finally caught up to the Housing Correction as we have 2 consecutive months of rental rate decreases. It is safe to say that the overall economy has caused financial issues for many people and it is clear that with inflation and the increase is costs of just about everything, the average person cannot afford to pay increasing costs for Housing, including rent. Landlords have started to slash their prices as they are now feeling the effect of this. The main issue is that The FED looks at Rental Rates, but they look at rates that trail 6 - 9 months behind and they are basing their policies on past history, as opposed to real time stats. On an additional note, noted financial personality Peter Schiff has stated that the Housing Market is crashing and it will be even worse than what we experienced in 2008 and we are also on the cusp of a massive financial crash.

According to the CEO of RedFin, home prices are falling faster now than they did back in 2006. The reason: Investors are pulling out of the markets and selling in order to keep ahead of the game and avoid incurring significant losses. So maybe we can blame the Investment Market (Hedge Funds, REITs, Large buying Groups, Ma & Pa's etc.) for the exponential run up of Housing Prices over the past couple of years and for this Housing Correction and future Housing Crash.