🔥Well that was fast.
Phoenix, AZ now has MORE Homes for Sale in 2022 than it did at Pandemic Start. +125% Inventory Surge in 2 Months.
Buyers are gone. Sellers are desperate. This is what start to a Housing Crash looks like. 🏠📉
Source: t.co/KfJP3C3Y7H pic.twitter.com/vV8d8VjG1B
— Nick Gerli (@nickgerli1) July 4, 2022
This chart shows the pain in store for real estate prices… pic.twitter.com/uhfGumvCAX
— David Brady (@GlobalProTrader) July 4, 2022
See also How do housing bubbles burst? Slowly, then all at once. The wipeout of fake wealth created by fake Yellen Bux "money" is going to be epic.