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Something I follow in detail.

Bloomberg projections say that there will be a 41% drop in home values over the next 28 months in almost all markets.

Housing starts are already down 21% from last year... Mortgage starts are down 38% from last year and dropping about 10-15% monthly now....

Not sure on the foreclosures stats. Won't see that for a few months, but If I remember right, about 35- 40% of all new mortgages or refis in the last 36 months were ARM's. So expect a huge wave of foreclosures incoming...


In my area (a highly sought after resort area in the PNW) Assed values went up again this year about 20%, but real market resale value/listing prices has already dropped 10-15% and in just 90 days We went from almost zero inventory to I counted 48 for sale signs in my town yesterday going in for groceries.


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U.S. housing starts fell by 14.4% month-on-month (m/m) to 1.549 million units (annualized) in May, coming in way below market expectations - Ecomonics-td.com
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Mortgage demand falls to the lowest level in 22 years - CNBC
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Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher -cnbc
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Total mortgage application volume was 52.7% lower last week than the same week one year ago, according to the Mortgage Bankers Association’s seasonally adjusted index.

Don't dox yourself but any more info you can provide about your market? I know this is tough if you're strict about opsec on here but if you've already mentioned your state in some other post or rural vs small city vs large city etc...

the thing one needs to keep in mind is, the system is rigged and not in "we the peoples" favor. Like all other parts of the economy, its rigged against the little guy.
most economists are frauds selling the "big guys" stories to manipulate markets in their favor

Interest rates. Its now thousands if not tens of thousands of dollars more expensive to take out a loan. Fed Reserve kept the rates artificially low for years...now the cash printinting lately has forced the Fed Reserve's hand and raise the rate to borrow cash.

Has me a little worried I'm about to buy a flip.. but as the market stands today I'm looking at a 250k profit so I figure worse case absolute worse case still make 100 to 150k I'm in Texas so I'm not that worried the conservatives are flocking here from the commie run states

Not in my area.

In my area places are still selling over asking. Prices on zillow are down but everything is still selling above zillow price.