Housing Bubble 2.0 - Housing Market Craters as Sales Get Cancelled at Record Rates

Housing Bubble 2.0 - Housing Market Craters as Sales Get Cancelled at Record Rates

Once again we have evidence that the overall Housing Market is cratering: Sales and Contracts getting cancelled by potential Buyers at record rates. Some sales are cancelled due to the recent increase in mortgage rates, which may leave many Buyers unable to afford the property they had hoped to purchase. Other Buyers are now aware that they could have more room to negotiate a better price, now that there is far more inventory on market and Sellers also are forced to reduce their price points and compete. It's not one item that causes a Housing Crash, it is a number of items and issues that when compounded create the chaos in the Housing Market.

This channel discusses recent articles, data and information about the Housing Bubble, Housing Crash, Home Prices, Forbearance, Foreclosures and Short Sales.

Additionally there is a focus on Mortgage Delinquencies, Mortgage Rates, FHA Loans, Real Estate Investing, and Housing Market Predictions for 2022 and Beyond.

Today is July 12th 2022 and Randy will discuss the following topics:

Housing Market Craters as Sales Get Cancelled at Record Rates

Links:

https://www.zerohedge.com/markets/loandepot-fire-another-2000-workers-mortgage-market-implodes

https://mishtalk.com/economics/expect-huge-negative-revisions-to-new-home-sales-as-sales-crash-and-orders-cancelled

Need to See Foreclosure Data ? I have entered into a partnership with the leading provider of distressed property data, Foreclosure.com.

For a Free Trial click on the link below:

Check Out this Link: https://www.foreclosure.com?rsp=3325​...

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Housing Bubble 2.0
@HousingBubble2

I will conduct live Q&A sessions and other Real Estate related discussions.

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Connect with me to find out more about how I can help you in Real Estate.

I offer:

Primary Home Buying in the Greater Tampa Bay Area
Investment Properties & Turn Key Real Estate Investment Program
Off-Market and REO Properties
Real Estate Education Products & Services
Market Research & Consulting
Multi-Family & Other Commercial Assets
Build To Rent & Build To Flip Investments

I can be reached at:

Randy Patrick
Licensed Real Estate Broker
WestBay Real Estate, Inc.
813-833-2045
[email protected]

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The free report for the Top 10 Reasons Why We Will Have Another Housing Crash and Housing Crisis can be downloaded at:

www.HousingBubble2.com

If you have any questions, or wish to discuss Housing or Real Estate Investment, You can reach me directly at: [email protected]

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