#housingmarket #realestate #housingcrash
Wave of Loan Defaults Hit the Real Estate Market (Housing Market Warning)
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The 2023 liquidity crunch is now roiling through the real estate market, speeding up the pace of the real estate crash, and has brought forth a wave of mortgage defaults amongst some of the largest Real Estate Investment Trusts and Funds in the business. We dive into new research just released by Goldman Sachs about the depth of the liquidity crisis at small domestically chartered banks, the banks that provide 45% of all residential mortgages.
This will cause a massive freeze in home loans, and make it very difficult to get a mortgage in 2023. We also highlight some of the largest mortgage defaults in the commercial real estate sector, including loan defaults by Blackstone.
This video is not financial advice.