Wealthion - Be Financially Resilient
Could Home Prices Crash As Much As In 2008?
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Show notes
Housing analyst Nick Gerli returns to the program to warn how swiftly the prospects for home prices are eroding.
Confidence in the housing market was supreme just a month or two ago. But suddenly that confidence is vaporizing as an increasing number of experts now caution of a "full blown" correction ahead.
Rising mortgage rates are a huge part of the equation, but we're already starting to see sales slowing and even price cuts in a number of markets - especially the ones that have been the hottest in past recent years. See the YouTube Video for the charts and graphics: https://youtu.be/TNJWP24iQL0
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