If you saw my recent video on 5 signs the market is about to crash, you would know how interest rates rising is a tell-tale sign. That’s one of many factors contributing to our market today.
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Whats going on guys, welcome back to my channel. Today we are going to be picking back up with the real estate market and how we are seeing signs that the market is going to collapse very soon. All we have been doing for the past year is putting band aids on our problems instead of finding real solutions to the problems we face… and now it’s time to rip the band aid off and get real treatment before our wounds grow more infected.
We know that the extreme levels of supply and demand are a dominating factor with how our market stands right now. Demand is growing higher and higher as the FED continues to force interest rates to stay low. This high of a demand is very hard to satisfy, and when unsatisfied it only grows stronger. The supply is also hitting all time lows as new inventory is scarce on the market. For one, no one wants to sell in a global pandemic, they are also not being forced to sell even if they are missing their mortgage payments due to the extended moratoriums. On top of that, lumber and labor have increased in price slowing construction of new builds down while simultaneously lowering there confidence as well.
The new administration is also proposing a New Home Buyers Program that would give a $15,000 tax credit to new home buyers to give down payment assistance to young buyers. This comes at a time when millennials, the largest generation in America, are in the prime age to buy a house. Obviously, this demand is only going to push the demand even higher and the supply even lower, the program could be available as soon as next year.
To add to the chaos, interest rates rose last month to the highest levels they’ve been since last July. In a recent video of mine, I discussed how rising interest rates are a huge sign of a crashing market, if home prices begin to plateau, be ready for the collapse.
In the long run this is only going to hurt the average American as more money gets printed lowering the value of the USD while simultaneously forcing the government to raise taxes as we go deeper into debt as a country. It may not seem so bad now, but in my opinion the future is scary, and I pray that everyone can make it through together.
I hope you enjoyed this video and learned something new, if you have something to add please join the conversation down below, like and subscribe if you haven’t already, and I’ll see you in the next video!
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