According to RedFin, homebuyer demand is plummeting, and people are finally waking up to the massive super bubble developing in the housing market. Is this finally the relief buyers have been looking for or will we continue to see prices skyrocket to absurd territory? In today’s video, we look at the latest evidence backed up by data from Redfin, numbers that are painting a grim future.
A lot of people have been talking about a massive housing crash, a popping of a bubble that has been raging for years now. And it makes sense. Since 2019 prices have risen to absurd territory, to make matter worse, average payments have skyrocketed following a massive jump in interest rates. This one-two punch of prices and rates has created a uprecendted environment for buyers.