Bankruptcy Blitz Worse Than 2008 as Real Estate Market Defaults Begin (Housing Market Pain Coming)

#housingmarket #realestate #housingcrash

************ Housing Market Maps & Data ************

Snapforce Real Estate Insights, obtain full access to the maps and charts I use in my housing market videos: https://app.snapforce.com/prodigy/checkout.php

************ Social Media ************

Follow me on Twitter to get more real time updates on the markets: https://twitter.com/realRJTalks

************ Video Breakdown ************

Bankruptcy Blitz Worse Than 2008 as Real Estate Market Defaults Begin (Housing Market Pain Coming)

The US economy is heading straight into recession, according to all leading indicators, and now we see the largest single week of bankruptcy chapter-11 filings, even worse than what we saw after the great financial crisis. It's also not just this week that saw a huge surge in bankrupt businesses, but the all of 2023 has now seen more bankruptcy filings in just the first four months of the year compared to all of last year.

We also dive into the real estate market and loan defaults that are continuing to rise, and the wave of refinance activity that's forcing many large real estate investors and developers to shut down their businesses. This is happening in commercial real estate but also in the residential housing market as well.

We feature famous real estate investor Ben Mallah, and shark tank host Barbara Cochran as well to explain the fallout of just how bad the 2023 recession and real estate meltdown will be. Considering both of these investors are facing huge debt burdens and mounting mortgages and floating rate loans for their real estate empires.

This video is not financial advice.


Did you miss our previous article...
https://trendinginrealestate.com/commercial-real-estate/where-you-should-buy-your-commercial-shop-is-it-profitable