Home Values Decline for 6th Straight Month - San Fran Goes Negative - Housing Bubble 2.0

Home Values Decline for 6th Straight Month - San Fran Goes Negative - Housing Bubble 2.0

Need I say More ? Today the S&P CoreLogic Case Shiller US Home Price Index was released for December 2022. Now realize that the Index does lag about 2 months, however it is clear, or at least the data confirms what most of us are thinking: US Home Values are still declining and are now where near bottoming out. It was interesting to note that both San Francisco and Seattle posted negative year over year numbers (which means they lost value). Additionally the Pending Home Sales Index, provided by NAR, did post an increase and will most likely be utilized as a positive statistic by MainStream Media and its Housing Narrative, suggesting that the correction/crash is over. It must be noted that the increasing in pending sales coincided with a few weeks of lower mortgage rates. Mortgage rates have since risen and sales activity has slowed down once again.

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 2023 and Beyond.

Today is Feb 28th 2023 and Randy will discuss the following topics:

Case-Shiller Home Price Index -December 2022
Pending Home Sales - January 2023

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https://www.foreclosure.com/?rsp=3325

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

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I offer:

Primary Home Buying in the Greater Tampa Bay Area
Investment Properties & Turn Key Real Estate Investment Program
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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]