Something strange is happening in the housing market. Prices are still near record highs, but sales are drying up, and inventory is piling up in key markets like Miami. The eerie similarities to 2005-2007 are impossible to ignore.
๐ Inventory up 28% YoY โ๏ธ Market activity is frozen ๐ป Pending sales are at record lows ๐ฐ Home prices might finally go negative History tells us that before a major crash, thereโs always a period of โnothingnessโ โ a frozen market where sellers refuse to lower prices, but buyers disappear. Is this that moment? Watch to see why Miami may once again be the canary in the coal mine.
๐ Timestamps: 2:30 - Pending Sales ๐ 4:30 - Record Withdrawals ๐จ 5:30 - Home Prices Might Go Negative ๐ 9:00 - Price Cuts Incoming? ๐ป