What You Ought To Know About Today’s Real Estate Market Falling Apart

The flood of “BAD” real estate news continues to accelerate. So much so that I can barely keep up. And while we haven’t yet seen large price declines, we soon will. The real estate market is rolling over into a massive 3rd leg down that will be equivalent to the bear market in stocks between 2007-2009. Not as fast, but just as deep. In the meantime……

• 1 in 4 homeowners regrets buying a house – Wait for 3-5 years and you will see that number jump to 3 out of 4.
• U.S. mortgage market index hits lowest since December 2000: MBA – Despite historically low interest rates no one is buying. It will only get worse.
• Orange County- California named most overpriced county in the entire United States. – La la land.
• Large investor sales drop 31 percent year-over-year in California.  – Investors/speculators are pulling out. The real estate market is now free to fall. 
• This is bad news for housing  – Indeed it is.
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