Home Builders Liquidating, Flood of New Homes Just Hit the Housing Market

#housingmarket #housingcrash #homeprices
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Home Builders Liquidating, Flood of New Homes Just Hit the Housing Market

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

In this eye-opening video, we delve deep into the recent seismic shifts in the US economy and the housing market that are causing major ripples. Home builders, who have been discreetly holding onto their housing stock, have suddenly unleashed a flood of new homes for sale, resulting in a staggering spike in numbers. Join us as we break down what just transpired, analyze its implications for 2024, and draw parallels from historical occurrences, revealing a pattern often associated with economic recessions.

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🏠 Insights into Home Builder Strategies

For the past year, we've closely monitored the construction of new homes, observing how major builders strategically hoarded housing units to control prices and avoid a market crash. The lengths of time required for completion and the builders' calculated approach have set the stage for the current market dynamics.

📊 The Shocking Numbers from the US Census Bureau

The recent data dump from the US Census Bureau reveals a surprising downturn in new home sales in November 2023. Sales dropped by a significant 12.2%, with the median sales price plummeting to $434,700. What's even more astonishing is the inventory surge at the end of November, with 451,000 new houses for sale, translating to an alarming 9.2 months of supply.

*********** ABOUT RJ ***********

In 2012 I built Snapforce CRM, a software as a service application to compete with Salesforce, which was very expensive at the time. Since then, our user base has expanded to over 65,000 users in 12 countries. Our largest customer's are mortgage companies and debt shops, who use our software for their sales process, and to check customer's credit in real time.

With the type of clients we cater to, I decided to launch Snapforce Real Estate Insights last year, a peripheral software as a service product. It integrates directly with the big 3 real estate brokerages, to present their housing data in a digestible way, using our interactive maps and reports.

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*********** DISCLAIMER ***********

I am NOT a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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