Housing Markets Collapsed this Morning

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As I’ve been telling everyone, it will take a majority economic reverse to cause the this housing market to collapse. An event like Russia invading Ukraine and causing a worldwide oil shortage leading to high inflation, high interest rates, followed by major layoffs, especially in the tech sector, resulting in reduced demand for housing and lower prices.

 

 

Unfortunately, none of that happened, instead all we have today is

 

 

 

 

 

 

 

 

April’s Fools Day.  Have a great day.

 

To get another opinion check out

  From DS News

Has the Housing Market Reached Bubble Status Again?

In the Trulia’s latest quarterly Bubble Watch report, Jed Kolko estimates national home prices are still around 5 percent undervalued when examining long-term fundamentals like historical prices, incomes, and rents. While ongoing improvements in prices have brought the market close to a tipping point, he notes that it’s far cry from the 39 percent overvaluation in the first quarter of 2006.»READ MORE

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

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