The housing market is crashing and mainstream media is not reporting on it…

https://twitter.com/TopFinanceTakes/status/1615708476315152384

A historic number of newly built homes will flood the market into the worst demographics in US history. What could go wrong? pic.twitter.com/pCdrP4rRSD

— Vlad (@VladTheInflator) January 17, 2023

BREAKING: Commercial real estate vacancies in San Francisco are at a record 27.2%, having increased for 12 quarters in a row.

— unusual_whales (@unusual_whales) January 17, 2023

1) This type of Cancellation Rate is even worse than what happened in 2008 Crash.

Back then builders like DR Horton peaked at a 50% Cancel Rate.

And we already blew past that in late 2022.

— Nick Gerli (@nickgerli1) January 17, 2023

3) And there's even more New Homes coming in 2023.

Because even as builders have cut back on starts, they are still building nearly 800k single-family homes actively under construction.

Near the highest level of all-time. Many of which will hit the market in 2023. pic.twitter.com/84GeBlcOJF

— Nick Gerli (@nickgerli1) January 17, 2023

“A group of property funds for institutional investors ended last year with $20 billion in withdrawal requests, the biggest waiting line since the Great Recession.” 😳😳 Wow. “The UBS Trumbull Property Fund had a $7.2 billion queue for withdrawals — 40% of its value.” pic.twitter.com/XNDadYWS1I

— dmac (@dana_marlane) January 17, 2023