WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
On Wednesday I had a private conversation with housing analyst Melody Wright. In it, she revealed how shocked she is by the latest stats that show how the housing market is starting to unravel.
Record-low transactions during what is normally the business time of the year for home sales. Inventory up nearly 30% year over year nationally.
And of ever greater concern, spiking delinquencies -- in some cases, at rates worse than seen during the 2008 Global Financial Crisis.
In Melody's words this is the turning point and "winter is coming" for the housing market.
Not that you'd know it by looking at the median existing home price, which just hit another all-time high.
Is the country really sleepwalking into another housing crisis?
We'll find out now, as Melody kindly accepted my ask for her to join me today for an impromptu discussion on this important topic.
Follow Melody at:
https://www.youtube.com/@DoomersNewsNetwork
https://x.com/m3_melody
https://m3melody.substack.com
https://www.youtube.com/@m3_melody
#housingmarket #homeprices #realestate
_____________________________________________
Thoughtful Money LLC is a Registered Investment Advisor Solicitor/Promoter.
We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.
We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.
IMPORTANT NOTE: There are risks associated with investing in securities.
Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.
A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.
Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.
Copyright © 2024 Thoughtful Money LLC. All rights reserved.
Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/it-wont-be-hezbollah-alone-lebanons-fm-warns-against-israeli-invasion