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.

 We are now noticing the re-emergence of Zombie Foreclosures in various locations across the country. As time goes on, this the number of Zombie Foreclosures will increase along with the overall Foreclosure count. These properties are fairly easy to notice as they are often neighborhood eyesores however the present a great opportunity for acquisition and Investment.

Everyone is Jumping Onto the Housing Correction Bandwagon - Housing Crash - Housing Bubble 2.0 Yet another Housing Market organization has entered into the fold supporting the fact that the Housing Market is, and will see, declines in Home Price Appreciation and Values as time goes on. Without sounding repetitive, the list of those chiming in on the impending Housing Correction and Crash is growing larger and it is a far cry from earlier this year when all anyone could talk about was double digit Home Price Appreciation. My how things have changed.

Recent intel regarding the number of Delinquencies is eye opening. As often mentioned, the statistics regarding Forbearance, Foreclosures and Delinquencies are difficult to wrap our heads and hands around. They are often under estimated and under reported, with published results based on extrapolations from samples. We now know that there is a greater number facing major issues from the homeowners that were affected by the pandemic and the Foreclosure and Eviction Moratorium.