Has the Housing Market Already Bottomed Out ? Housing Bubble 2.0 - US Housing Crash

 People are already stating that the US Housing Market has "bottomed out" and we should be seeing price/value gains. Information from ReFin suggests that certain Metro Markets have recently seen an uptick in viewing activity, along with some isolated bidding wars. Clearly each local market will experience different phenomenon when compared to others and small uptick in various stats that are tough to quantify does not make for an overly improved Housing Market.

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Zillow vs. Moody's - Appreciation vs. Correction/Crash: Housing Bubble 2.0

We will continue to see the on going debate during 2023 with respect to where the Housing Market is headed. It is clear that there are definite lines that have been drawn in the sand regarding who believes the Housing Market will remain steady or improve, versus those that believe we are now experiencing a Housing Correction and potential Housing Crash. What do you think will happen this year?

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Will 2023 Be the Year of the Foreclosures ? Starts Up 169% in 2022 - Housing Bubble 2.0

 As we enter into 2023, we are fully aware that the Housing Market is experiencing a correction. Queue the Foreclosures, that should push the Housing Market into Crash territory. The volume and impact of the next Foreclosure waves have been downplayed by the Media and other Real Estate and Mortgage related players as they continue to control the Housing Narrative and manipulate the Housing Market. How do you think it will all play out? Will the backlog and volume of Foreclosures have a significant impact on our Market?

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Nation's Largest Home Builder Has a 68% Cancellation Rate in Q4 2022 - Housing Bubble 2.0

Another blow to the overall Housing Market. KB Homes, the nation's largest Home Builder announced that they had a 68% cancellation rate for the fourth quarter of 2022. Their previous quarter's cancellation rates were not as bad, but still dismal for the market. KB Homes is not the only Home Builder that is experiencing this issue, however they seem to be the one that is most affected by this down turn. In the end, this phenomenon clearly tells the Housing Market that it is in for a bumpy ride in 2023, as mortgage rates are predicted to remain above 6% as the FED has not given any indication that they will begin to reduce rates going forward. The Housing Correction is full on and when the backlog of Foreclosures come along, we will move into the Crash phase.

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The FED is NOT Backing Down - Seller Concessions & Mortgage Rate Buy Downs Up - Housing Bubble 2.0

There is some chatter out there regarding the likely hood that the Federal Reserve will reduce interest rates in 2023. At this point I think The FED has made themselves clear that they do not intend or foresee any rate reduction in 2023. In fact they state just the opposite: rates could rise a few more times this year. All 19 Executives of the Federal Reserve stated that they do not see rate reductions happening in 2023. Whoever is promoting the rate reduction concept is simply talking up their own wishful thinking narrative. Additionally, we see more Sellers offering concessions to Buyers in order to secure the deal. Some of these concessions involve Mortgage Rate Buy Downs, which are gaining in popularity. A couple of years ago it was the buyers who were conceding, waiving inspections and engaging in bidding wars. Funny how things change.

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The US Housing Market is Frozen - FHA Mortgages Are a Concern - Housing Bubble 2.0 - Housing Crash

The new year of 2023 kicks off with the US Housing Market "frozen" and at a virtual standstill. With current and future sales activity down and to record lows, the Housing Market is eerily similar to what occurred just before the 2008 Housing Crash. The Housing Bubble has burst and the Housing Correction is underway. Another growing concern is the exposure with recent (2022 originated) FHA mortgages, many of which are already in default, or actually underwater.

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Massive Economic Meltdown Already Happening - Housing Market Leading the Way - Housing Bubble 2.0

In this video we discuss an interesting list that suggests the Economic Meltdown is already underway and it appears that the Housing Market is leading the way with the 1st 5 "reasons/issues" etc. It should come as no surprise as the Housing Market has taken a hit with respect to sales activity and price/value declines. The value declines are clear for everyone to see via the recent posting of the Case-Shiller US Home Price Index.

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The Housing Market is Officially Dead - Housing Bubble 2.0 - US Housing Crash

Last Long Video before Christmas Break. The Housing Market slows to a crawl and is now officially dead. Existing Home Sales down big time as well as New Home Sales. Mortgage Companies slowing as well and some are already in or headed to Bankruptcy. Seems a little like 2008 all over again.

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Will Foreclosures Save the Housing Market ? Boomers Not Selling - Housing Crash

Even though the Housing Market is starting to see a notable decline in Home values across the board, lack of Housing Inventory issues still persist. Lennar Homes announces that they want to sell 5000 of their homes to larger Investor groups. Additionally Gen X and Baby Boomers are not really in the market to sell their homes for a number of reasons. Couple this with the Builder perspective and we will have a tough time generating cheaper homes for the average buyer. An obvious solution to this issue is to focus of the Foreclosure niche as a source of readily available properties.

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