by SilverBoatSurfer
Mortgage Rate Hit 6.28% Today. Real Estate Market About to Get Interesting.
Property prices PLUNGE by up to 20% across parts of US as buyers shun the market amid ‘Bidenflation’ and spiking interest rates
Wait for it: here comes the implosion of Housing Bubble 2.0. Trillions in fake wealth created by fake Yellen Bux “money” is about to be vaporized. Got silver?
www.dailymail.co.uk/news/article-10916461/Property-prices-fallen-10-nation-faces-Bidenflation.html
Mortgage backed securities collapsed below 2007 house crash low… What just a happened… ?
A real estate downturn worse than 2008 is coming. 32 years of a declining trend in mortgage rates has ended.
We will see interest rates rise into double-digit territory later this decade because of all the money printing FED will have to do to stop the coming crash.
— HOZ (@MFHoz) June 14, 2022
Risk happens fast via @NAHBhome pic.twitter.com/EQvMos6ZJc
— LongConvexity (@LONGCONVEXITY) June 15, 2022
NAHB: Builder Confidence Decreased to 67 in June; "Traffic of prospective buyers" Falls below Breakeven t.co/X0PsrqfpmD
This survey was before the recent surge in mortgage rates, and "traffic of prospective buyers" is now below breakeven (below 50). pic.twitter.com/fT97rmsKFk
— Bill McBride (@calculatedrisk) June 15, 2022