The bubble bursting and foreclosures coming? | What are we seeing now?

We're definitely seeing a lot more of the media turn around and say that there will not be a crash. They are finally jumping on board and saying that there will only be a slight downturn in the housing market. Although interest rates have gone up it hasn't hurt the home prices. Rent has gone up too and we are at new levels.

This pace isn't sustainable, so we will probably see a softening in the Fall or Winter, but let's take a look at the data so we can make better decisions.

People selling and renting: https://www.nytimes.com/2022/06/24/realestate/homeowners-renting-housing-market.html

Home prices still going up and rents going up too.

https://www.axios.com/2022/06/22/home-prices-rising-market-cools

Miami Rents

https://www.route-fifty.com/infrastructure/2022/06/too-high-rents-home-prices-blowing-miami-dade-county/367763/

Foreclosure Data

https://docs.google.com/presentation/d/1v1p7Dg4DdtPjm6Cx1w9NtQip0YjaMkhRDoPSwGpXhDU/edit?usp=sharing

Black Night Data on the Market and Foreclosures

blackknightinc.com/black-knights-april-2022-mortgage-monitor/?&

World Market Real Estat and Concerns

https://www.bloomberg.com/news/features/2022-06-21/cooling-real-estate-markets-in-us-uk-risk-deeper-global-economic-slump

The Crash and Foreclosures, It's not going to happen

https://nypost.com/2022/06/24/us-housing-market-price-correction-to-hit-coast-to-coast-moodys-economist-warns/

#2022 #economy #bubble #Crash #TristanAhumada #RealEstate #coach