This Happens ONCE In A Generation
MHFIN MHFIN
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 Published On Jun 10, 2022

Everyone and I mean everyone is predicting a massive housing crash similar in nature to 2008. In today's video, we analyze this shocking observation by looking into various expert opinions and data, proving that the real estate market is entering a dramatic phase that will result in what many are calling an economic hurricane.

We begin with this recent report by Redfin. Their Economics Research Lead Chen Zhao openly admitted that “The sudden surge in mortgage rates led to a sudden and significant cooldown in the housing market in May”. The evidence for this is overwhelming. We can look to Yardeni Research for a clear picture of this disaster. Throughout history, new mortgage applications have always correlated with home sales, and if you zoom in on our most recent month you can see that there has been a massive dip in both numbers. New applications are down nearly 45% from their recent highs of last year, and this trend is seeing no signs of slowing down. Logically this means fewer home sales, therefore less demand, more inventory, and theoretically price cuts.

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