ALSO VISIT: http://creationdesign2013.blogspot.com/ CONTACT: trsii2004@msn.com * ALL ARTICLES ARE FROM OTHER AUTHORS*
Search This Blog
Friday, October 21, 2022
5 Signs That The Housing Crash Is Escalating
5 Signs That The Housing Crash Is Escalating A Lot Faster Than Many Of The Experts Had Anticipated- by Michael Snyder - http://theeconomiccollapseblog.com/5-signs-that-the-housing-crash-is-escalating-a-lot-faster-than-many-of-the-experts-had-anticipated/
The U.S. housing market is absolutely imploding, but nobody should be surprised. In fact, we were warned way ahead of time that this would happen. When the Federal Reservetold us that they would be aggressively raising interest rates, we all knew what this would do to the housing bubble. It was obvious that home prices would fall, home sales would plummet and home builders would get absolutely crushed. Sadly, that is preciselywhat we are witnessing. But instead of reversing course after witnessing all the damage that they have caused, Fed officials are insisting that even more rate hikes are necessary. So as bad as things are right now, the truth is that they are going to get evenworse in the months ahead.
In recent days we have gotten some new data points, and they are sobering.
We haven’t seen numbers like this since 2008, and we all remember what happened back then.
Yes, just about everyone expected that the housing market would slow down, but hardly anyone thought that things would get this bad so soon.
The following are 5 signs that the housing crash is escalating a lot faster than many of the experts had anticipated…
#1 According to Redfin, the number of homes sold in the United States during September dropped by 25 percent…
Home sales declined the most on record in September as mortgage rates surged and pushed prospective buyers out of the once-hot housing market, according to a new report.
A report from the real estate company Redfin shows the number of homes sold fell by 25 percent and new listings dropped by 22 percent last month, marking the biggest declineson record in both categories — excluding numbers at the onset of the coronavirus pandemic in April and May 2020.
#2 The number of new housing starts in the United States fell by 8.1 percent in September…
Home building pulled back in September, as buyers faced spiking mortgage rates that have made homes increasingly unaffordable.
September housing starts, a measure of new home construction, dropped 8.1% from August, and were down 7.7% from a year ago, according to the US Census Bureau. After a bigdrop earlier this spring, housing starts had been holding relatively steady up until July when rising mortgage rates spurred more prospective buyers to sit on the sidelines.
#3 The number of buyers touring new single family homes has fallen to a depressingly low level…
Traffic of prospective buyers of new single-family houses plunged to the lowest since 2012, excluding the two lockdown months April and May, and is now approaching even thelevels of those two lockdown months, according to data today from the National Association of Home Builders.
The NAHB index for traffic of prospective buyers dropped to 25, about where it was in mid-2007, well on the way down into Housing Bust 1.
#4 Homebuilder confidence has now dropped for 10 consecutive months…
The overall confidence of builders of single-family houses fell for the 10th month in a row in October, as “rising interest rates, building material bottlenecks, and elevatedhome prices continue to weaken the housing market,” the NAHB report said.
With today’s index value of 38, the NAHB/Wells Fargo Housing Market Index is now nearly where it had been in May 2020 during the lockdown, and below where it had been in February2007, on the way down into Housing Bust 1.
#5 Demand for mortgages has plummeted to the lowest level that we have seen in 25 years…
Mortgage demand, which has suffered four straight months of declines, fell last week to the lowest level since 1997, as interest rates continued to rise.
Homebuyers’ demand for mortgages dropped 4% for the week and was 38% lower than the same week one year ago, according to the Mortgage Bankers Association. Applications torefinance a home loan fell 7% compared with the previous week, in seasonally adjusted terms. Demand was 86% lower than the same week one year ago.
If you want to thank someone for this giant mess, you can thank the officials at the Federal Reserve.
They knew that raising rates would cause chaos for the housing market, but they did it anyway because they are scared to death of inflation.
But they actually played a major role in causing our inflation crisis. They should have known that pumping trillions of fresh dollars into the financial system over the yearswould cause rampant inflation, but they just wouldn’t stop.
Now they are trying to fix one crisis by causing another.
And in addition to absolutely crushing the housing market, they are also causing trillions of dollars in losses on Wall Street.
In fact, the financial markets are on pace for their worst year since 1969…
So far in 2022, both the stock and bond markets have posted serious losses. To find another market that looks like this one, you’d have to go all the way back to 1969, accordingto data from BlackRock.
The S&P 500 is down nearly 24% year-to-date, and the Bloomberg U.S. Aggregate Bond Index has surrendered about 16%. Should both indexes finish the year in the red, it wouldbe the first time that has happened in decades.
If officials at the Fed keep hiking rates, the markets could go down a whole lot more.
At this point, Bill Holter is warning that we could soon see “a crash that will make 1987 and 1929 blush”…
In closing, Holter warns, “The action you are seeing now is exactly what you saw in 1987, and this is what you saw in August and September of 1929. This is what happens priorto crashes. It’s massive volatility both ways . . . people are losing both ways. The longs get stopped out on the downside, and the shorts get stopped out on the upside. Then, the whole floor gives way, and that’s where we are. We are right on the doorstepof a crash that will make 1987 and 1929 blush. . . . Many people are going to lose everything overnight.”
Time will reveal whether Holter is right about this or if he is wrong.
But without a doubt, it certainly wouldn’t take much to push us over the edge.
Everywhere you look, economic conditions are getting worse, and the stage is being set for the sort of historic meltdown that I have been relentlessly warning about.
If officials at the Federal Reserve had any sense, they would stop raising rates immediately.
Unfortunately, they aren’t going to do that.
So much more pain is coming for the housing market, and this new crash could ultimately be even worse than what we experienced back in 2008.
Subscribe to:
Post Comments (Atom)
MY OTHER SITES: CREATION DESIGN: God through Creation
DEBATE VIDEOS and more......
- creationist verses evolutionist
- Home
- DEBATE BETWEEN RABBI AND PASTOR
- The Creation: The Earth is a Witness
- Jesus's claim of Divinity
- Why should I accept Christianity?
- ERRORS IN THE QUR'AN
- 108 year old Rabbi declares just before he died that Jesus is Messiah
- CREATION
- CREATION II
- DOES CREATION MAKE SENSE?
- VERY END TIME VIDEO......
- BIRTH AND RESURRECTION OF CHRIST VIDEO
- PROOF OF JESUS RELATIONSHIP TO GOD
- ENDTIMES VIDEO
- EVIDENCE FOR GOD
- EVIDENCE FOR GOD PT.2
- EVIDENCE FOR GOD PT.3
- EVIDENCE FOR GOD PT.4
- EVIDENCE FOR GOD PT.5
- RABBI HAS VISION THAT SAYS JESUS IS THE MESSIAH
- HEAVEN
- DOES GOD EXIST? PART 1
- DOES GOD EXIST? PART 2
- DOES GOD EXIST? PART 3
- DOES GOD EXIST? PART 4
- DOES GOD EXIST? PART 5
- FEMA EMERGENCY MANAGEMENT AGENCY
- Existence of God
- JESUS IS GOD Whether You Believe It Or Not
- BEST BIBLE QUESTIONES ANSWERED
- Jewish man turns to Jesus and explains why in a way you never heard before!
- JEWISH MAN TURNS TO JESUS
- RELAXING SOUNDS WITH BIBLE STORY
- JESUS CHANGED THE WORLD
- THE UNTOLD REASON WHY JEWISH PEOPLE DO NOT BELIEVE JESUS IS THE MESSIAH!
- WHY MESSIAH MUST BE GOD!
- THE TALMUD (RABBINIC TRADITION) VS. THE NEW TESTAMENT
- WHAT DOES IT MEAN THAT GOD HAS A "SON"? ISN'T THAT A PAGAN CONCEPT?
- MESSIANIC PROPHECIES - WHAT ARE THEY?
- CAN WE AS JEWS TRULY TRUST THE NEW TESTAMENT?
- ZECHARIAH 12 PROPHECY ON THE PIERCING OF THE MESSIAH
- ISIAH 53 - THE FORBIDDEN CHAPTER!
- "IF JESUS IS REALLY THE MESSIAH - HOW COME THERE NO WORLD PEACE?"
- REFUTING THE RABBINIC FABLE ABOUT JESUS IN THE TALMUD!
- DO JEWS NEED JESUS?
- THE 3 REASONS WHY JEWS DON'T BELIEVE IN JESUS & ISRAEL EVANGELISM REPORT
- ARABIC OUTREACH FILM - THE SON OF GOD
- WOW! THIS JEWISH MAN TURNS TO JESUS AND EXPLAINS WHY IN A WAY YOU NEVER HEARD BEFORE!
- DR. EREZ SOREF - THE MESSIAH IS THE PURPOSE OF THE TORAH
- FALSE TEACHINGS ABOUT HEAVEN ENCOUNTERS
- The Resurrection. Amazing video.....
- WHAT WILL HEAVEN BE LIKE?
- WHAT WILL HELL BE LIKE?
- COVID19. WORSE THEN YOU THOUGHT!!!!
- ARE WE LIVING IN THE LAST DAYS? JEWS FOR JESUS
- Rapture video
PROOF OF JESUS FOR THOSE WHO QUESTION JESUS'S DIVINITY
- Home
- Jesus Abolished the Law?
- The End of the Law?
- Tongues in Acts
- Tongues in 1 Corinthians
- Observe Sunday?
- Body, Soul, and Spirit
- Torment in Hell
- God is Not a Trinity....DON'T PANIC, THIS IS A BREAKDOWN OF THE TRINITY WITHOUT ACTUALLY USING THE WORD.
- Paul: Not Anti-Jewish/Torah
- Truth About the Rapture
- Jesus is Not Literally God
- Clarifying Tithing
- The Church and Israel
- The Future is Unsettled
- Christians and Heaven
- The Sacred Name
- Jesus is the Way
- What is a Christian?
- Origin of Easter/Communion
- Christians and Torah
- Christians Better Than Jews?
- Torah a Mere Shadow?
- Paul a Hypocrite?
- Basic Grammar Refutes the Trinity | An Argument for Biblical Unitarianism
- Why Jewish People Do Not Believe In Jesus
- DOES GOD EXIST? PART 4
- The Case for the real Jesus
- How do we know Jesus is the Messiah
- A pivotal sign we're living in the last days
- Jesus is coming!!! We are the Generation!!!!
- The rapture trigger that leads to Daniel 9:27 Covenant
- Is Jesus the Jewish Messiah Debate...
- JESUS IS THE SON OF GOD
- EARTH.....WONDERFUL CREATION
VIDEOS AND MUSIC IN ADDITION TO MY OTHER WEBSITES:
- Home
- CREATION DESIGN: MY OTHER WEBSITE
- PROPHECY WATCHER: MY OTHER SITE DEALS WITH PROPHECY ONLY.
- Very Good Acapella (Little Drummer boy) worth seeing....
- 4 HOURS OF UPLIFTING CHRISTIAN MUSIC
- 100 HOURS OF PRAISE AND WORSHIP MUSIC
- Jews who believe that Jesus is Messiah
- THE CASE FOR CHRIST
- Beautiful video and song. MARY, DID YOU KNOW.... A must see....
- GRAPHIC VIDEO ON THE CONDITION OF THE WORLD
- Gadol Adonai...Lovely Hebrew Christian Song(Subtitles)
- Adonai Machesenu The Lord is Our Refuge/Haruach Vehakala
- El Avoteinu - God of Our Fathers
- Praise to Our God 5 Concert - Ashuv Eleicha (Coming Back to You)
- Thais Schucman 05 Worthy
- Praise to Our God 5 Concert - Lechu Nerannena LeAdonai (Let us sing to the Lord
- Praise to Our God 5 Concert - Gadol Adonai (Great is the Lord)
- Beautiful! Israelis Worshiping Jesus in Hebrew in Jerusalem!
- "Kol Haneshama" (Everything that has Breath) Music Video
- Beautiful Hallelujah Song
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.