Surging interest rates have caused both Home Prices and Stock Prices to begin declining again over the last month. And they will likely continue to crash in 2023 and 2024 given their huge levels of overvaluation.
EXCLUSIVE VIDEO: 100 Years of Data on Home Prices v Inflation
• The Disturbing Relationship between H…
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The 30-year fixed mortgage rate just surged up to 7.4%. The 10-year treasury is 4.3%. These levels are too high for this economy to function. The result is that homebuyer demand in the Housing Market has plummeted. With mortgage applications to buy a house now at their lowest level since 1995.
This means that sellers on the US Housing Market will be forced to cut the price for the rest of 2023. And these price cuts could be even bigger than the ones last year – especially in real estate markets like California, Florida, and Texas.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
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