15 SIGNS A Major Housing Crash Is About To Burst! | with Russell Brand

15 SIGNS A Major Housing Crash Is About To Burst! | with Russell Brand Russell Brand joins us to discuss the U.S. economy in this breaking news update. Guys, This is shaping up to be the most dramatic housing crash we have ever seen. Mortgage rates haven’t been this high in over 23 years. Meanwhile in October, sales dropped to the lowest level since the Great Recession. Now the number of home listings is rapidly rising and sellers are having to slash their prices to be able to strike a deal. The market already hit a turning point. New data suggests it’s all downhill from here. Real estate agents, home builders, and mortgage lenders are getting increasingly pessimistic about the future of the market. Americans are extremely worried about losing equity in their homes or losing their homes altogether. Several stats reveal that another disaster is imminent. So it might be helpful to homeowners and prospective homebuyers to identify the warning signs so that they can be prepared. For that reason, today we share the latest and most shocking facts about the housing downturn that is already unfolding. Without further ado, here are 15 warning signs that a terrifying housing crash is about to burst. 1. The era of unsustainable price increases is now behind us. From the pandemic to the end of the last year, home prices rose at the fastest pace in U.S. history, jumping from $329,000 in January 2020 to a whopping $479,500 in December 2020. That is an impressive 45% increase. Without a similar increase in wages happening during this period, it became clear that the US housing market entered a massive bubble. However, this year conditions started to deteriorate as the Federal Reserve raised interest rates to levels last seen during the turn of the century. That figure fell to $441,000 at the end of the first quarter of 2023, and again to $429,000 at the end of the second quarter. In quarter three, the average home was sold for $406,100, which shows that the trend that kept prices at unsustainable levels for several months is no longer in place, while a new trend of price cuts is now rapidly spreading across the United States. Two, mortgage rates are insanely high and won’t go down anytime soon. With the Fed pledging to keep higher rates for longer and hinting that more rate hikes will be necessary to bring inflation down to its 2% target, mortgages will remain expensive for much longer than anticipated. Find more: @RussellBrand Sources: Discussed on the show: 15 SIGNS A Terrifying Housing Crash Is About To Burst! | with Russell Brand Economic Collapse | with Russell Brand It’s STARTING! This is how they will track everything you do | with Russell Brand It’s over | with Russell Brand It’s Definitely Happening Then | with Russell Brand The Truth | with Russell Brand Disclaimer: This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action. Content is for entertainment only. While we aim for accuracy, our information may not be correct, up-to-date or complete. Always consult experts and do your own research. Enjoy, but question and explore further. #russellbrand #redacted #anonymouscentral