The Housing Market is Crashing, and Mainstream Media is Not Reporting on It
By Investment Watch Blog
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A historic number of newly built homes will flood the market into the worst demographics in US history. What could go wrong? pic.twitter.com/pCdrP4rRSD
— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) January 17, 2023
BREAKING: Commercial real estate vacancies in San Francisco are at a record 27.2%, having increased for 12 quarters in a row.
— unusual_whales (@unusual_whales) January 17, 2023
1) This type of Cancellation Rate is even worse than what happened in 2008 Crash.
Back then builders like DR Horton peaked at a 50% Cancel Rate.
And we already blew past that in late 2022.
— Nick Gerli (@nickgerli1) January 17, 2023
3) And there's even more New Homes coming in 2023.
Because even as builders have cut back on starts, they are still building nearly 800k single-family homes actively under construction.
Near the highest level of all-time. Many of which will hit the market in 2023. pic.twitter.com/84GeBlcOJF
— Nick Gerli (@nickgerli1) January 17, 2023
Original Source: https://www.investmentwatchblog.com/the-housing-market-is-crashing-and-mainstream-media-is-not-reporting-on-it/