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The Housing Crash Is Here (50% Drop in Sales) | Analyst Nick Gerli
WATCH PART 1 of this interview with Nick at https://youtu.be/N2NcF0Ru1CI
The housing market is tipping into correction before our eyes. Home sales are dropping nearly 50% in certain markets. Listings inventory is ballooning. Price reductions are spiking.
Perhaps this is all as should be expected when mortgage rates double in the span of a single year. But this is only just the beginning warns housing analyst Nick Gerli. He expects the price corrections to get much deeper as we head into 2023.
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0:00 Intro
1:30 Current Assessment of Housing Market
5:20 Real Estate Underpins the Economy
9:32 Best Real-Time Indicators
14:59 Mortgage Pressure
19:40 Buying Opportunities on the Horizon
23:52 Institutional Housing Hegemony
26:43 From Renters to Owners
32:30 The Work-From-Home Shift
36:00 Expert Advice in Real Estate
42:30 Outro
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