A new report of the latest housing numbers indicates a real estate collapse will likely begin before the year is over.
The Fed’s rate hikes are having a huge effect on the ability of many Americans to buy homes. Housing prices have already started to fall in several of the biggest metropolitan areas like San Francisco, New York, Miami, etc.
In addition, Biden’s inflation continues to shrink the impact of the dollar as gas, cars, electricity, food and other basic expenses eat into American paychecks. It’s no longer possible for the majority of Americans to purchase a home when the average price in many areas would require two six figure salaries to sustain a mortgage payment.
The factors are leading to what experts are calling an imminent collapse. In other words, a sudden downturn is coming that will slam the housing market. This will have a huge impact on real estate, construction and related industries as Americans suddenly stop buying and more buyers are stuck with homes they can’t sell.
In June, the report noted that 60,000 deals fell through. That’s 15% of homes that entered into a contract. It’s not about people who don’t want to buy but people unable to buy as prices and loan rates make purchases difficult for homebuyers.
There’s more, and you need to know the latest and how it will impact you and your family in the days ahead. Check it out for the full details of the upcoming housing market collapse.
Biden and his wife should be thrown out of the white house or as m Obama wanted to call it the people’s house. All the cock roaches there should all be removed. Biden had destroyed everything in this country and does not care. Hope he and his family along with fachi Schumer palosi gates Harris and the rest of Democrats go to hell and enjoy being with their God satain.
Anyone who believes that Democracy was forever was greatly mislead for freedom in America, your Rights are being corrupted by the Rights of those who want America to fail.