The Housing Market CRASH Just Started (They're LYING)

TL;DR

Real estate experts are lying to cover up the deteriorating housing market and the increasing likelihood of a recession.

Transcript

so I came across this video in my feed by Michael bordonaro talking about how real estate experts are lying to cover up what's really going on in the housing market let's dive in today I read something thanks to one of my viewers Pete that proves that you know they are lying and who is they Michael well they are mainly people related to the real es... Read More

Key Insights

• 😌 Real estate professionals are allegedly lying to make people believe it is still a great time to buy a home, despite concerns about the housing market's future.
• 😑 The Mortgage Bankers Association and the National Association of Homebuilders have expressed concerns about the increasing likelihood of a recession and are urging the Federal Reserve to intervene.
• 😮 The rise in housing inventory contradicts the theory of a shortage of homes and suggests a slowdown in the housing market.
• ❓ Foreclosure filings have increased significantly, indicating potential distress in the housing market and the possibility of more distressed listings in the future.

Questions & Answers

Q: Who are the main players in the real estate industry that are allegedly lying about the housing market?

Real estate agents, brokers, and lenders are among the stakeholders in the real estate industry that are accused of concealing the true state of the housing market.

Q: What are the concerns expressed in the open letter sent to the Federal Reserve by the Mortgage Bankers Association and the National Association of Homebuilders?

The open letter warns about the negative impacts of further rate hikes, such as a recession and a decline in economic growth. It urges the Federal Reserve to stop increasing rates and to hold off on selling mortgage-backed securities.

Q: What are the reasons behind the increase in housing inventory?

The rise in housing inventory is attributed to the fact that many homes are not selling due to the unaffordability of the properties, combined with high mortgage rates. The higher inventory levels contradict the theory of a shortage of homes.

Q: Who are the most vulnerable in the current housing market situation?

First-time home buyers are likely to be the hardest hit in the event of a housing market recession. They are entering the market at a time of high prices and interest rates, relying heavily on financial support from family members.

Summary & Key Takeaways

• Real estate professionals, including agents, brokers, and lenders, are trying to hide the truth about the housing market's decline and are urging the Federal Reserve to halt interest rate hikes.

• The Mortgage Bankers Association and the National Association of Homebuilders have sent an open letter to the Federal Reserve, warning about the risks of further rate increases and recession.

• The shortage of affordable inventory is causing listing prices to rise, making it difficult for buyers to afford homes, resulting in a slowdown in the housing market.