23:08 Great video! But Mike, but how in the world is the decline in price normal? Look at each of the prices in the previous years. There was a smooth flat line in each of those points in the year of previous year. But this year there is a crazy drop!
If we knew what was going to happen we wouldn't call it a market. The entire purpose of markets is to adjust to current conditions. Trying to predict the future..I don't waste my time with that. I do create plans for different alternatives and try to position myself to be able to execute those plans if it becomes needed.
With so many 30 year fixed mortgages locked in, I think finding sellers who won't move or sell. With high interest rates, buyers will be scarce too. If Real Estate is a 17% of GDP, this could put a crimp on the economy until rates do come back down.
This channel is one of the few out there i always rush to check for daily updates.. Well i will also say this here, this days it takes so much research to make it in the financial market mostly when it comes to bitcoin trading and other financial markets. Trading alone has been nothing but failure till i came in contact with pro trader Finely whose signals and guidance is more than just perfect..... 👌👌I've been able to achieved profits of about 7.3 btc trading under his guidance within space of 6 weeks session.
Crash factors: Interest rates will continue to increase into 2023/24 No more deep discounts as the MBS market will dry up The low rate pre-approvals will age out fast. Renewals of those 2% and lower mortgages will clean out many mom and pop and some bigger investors with forced sales Inflation will continue to compress disposable income A recession pretty much inevitable International equity markets and NA markets will see large correction Bond yields climb as flight to safety grows. Short selling in all housing related equities is high and rising CMBS market is dead with no securitization deals getting done for multi family. Govt debt is high making more borrowing for housing relief political suicide Bankruptcy rising Investment in new rental stock will decline due to strict loan underwriting, OPEX and CAPEX increases and rent affordability falling. NAR and CREA analysis is as credible as Trump legal advice. Totally biased. Any commission based source of investor analysis is 100% biased. House prices should react very badly to all economic factors especially interests rates that could be higher than 8% for 5 year closed by 2023. Heard enough?
Fantastic insights
Great info! Appreciate your insight as always!
Really appreciate it ❤
23:08 Great video! But Mike, but how in the world is the decline in price normal? Look at each of the prices in the previous years. There was a smooth flat line in each of those points in the year of previous year. But this year there is a crazy drop!
Great info. Thanks.
At over 7% rates, how low will transactions go? Cut in half?
now that it is over 8%, all the models are going to need some major revisions
If we knew what was going to happen we wouldn't call it a market. The entire purpose of markets is to adjust to current conditions. Trying to predict the future..I don't waste my time with that. I do create plans for different alternatives and try to position myself to be able to execute those plans if it becomes needed.
What happens when travel is way down in a recession? Well we sure haven't seen that slow down so far.
With so many 30 year fixed mortgages locked in, I think finding sellers who won't move or sell. With high interest rates, buyers will be scarce too. If Real Estate is a 17% of GDP, this could put a crimp on the economy until rates do come back down.
This channel is one of the few out there i always rush to check for daily updates.. Well i will also say this here, this days it takes so much research to make it in the financial market mostly when it comes to bitcoin trading and other financial markets. Trading alone has been nothing but failure till i came in contact with pro trader Finely whose signals and guidance is more than just perfect..... 👌👌I've been able to achieved profits of about 7.3 btc trading under his guidance within space of 6 weeks session.
First to contact him ✅✅
Its been so amazing and profitable trading with Finely’s daily signals and guides for over 7 months now 👏👏👏
sincerely speaking, i will continue to trade and stick toFINELY 's daily signals and guides as long as it works well for me ✅✅✅
Crash factors:
Interest rates will continue to increase into 2023/24
No more deep discounts as the MBS market will dry up
The low rate pre-approvals will age out fast.
Renewals of those 2% and lower mortgages will clean out many mom and pop and some bigger investors with forced sales
Inflation will continue to compress disposable income
A recession pretty much inevitable
International equity markets and NA markets will see large correction
Bond yields climb as flight to safety grows.
Short selling in all housing related equities is high and rising
CMBS market is dead with no securitization deals getting done for multi family.
Govt debt is high making more borrowing for housing relief political suicide
Bankruptcy rising
Investment in new rental stock will decline due to strict loan underwriting, OPEX and CAPEX increases and rent affordability falling.
NAR and CREA analysis is as credible as Trump legal advice. Totally biased. Any commission based source of investor analysis is 100% biased.
House prices should react very badly to all economic factors especially interests rates that could be higher than 8% for 5 year closed by 2023.
Heard enough?