The Decline in Housing Affordability - Worse Than 2005: Housing Bubble 2.0 - US Housing Crash

The Decline in Housing Affordability - Worse Than 2005: Housing Bubble 2.0 - US Housing Crash

The gap between Median Wages and Median Home Prices has been increasing steadily over time. There is a calculation ratio that is used to illustrate the multiple of Median Wage required to comfortably purchase a home. That ratio peaked in 2005, then hit new records in 2014 and 2021. It is assumed that the next review will also show a new peak. Regardless, we all know that Housing Affordability is on everyone's mind and it is difficult for most people to purchase home when faced with both higher than normal asking prices along with the recent increases in mortgage interest rates.

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 May 22nd 2023 and Randy will discuss the following topics:

Low Interest Rates Handcuffing Homeowners Ability to Sell

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:

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]