The Housing Crash Is Here (50% Drop in Sales) | Analyst Nick Gerli

The housing market is tipping into correction before our eyes. Home sales are dropping nearly 50% in certain markets. Listings inventory is ballooning. Price reductions are spiking. Perhaps this is all as should be expected when mortgage rates double in the span of a single year. But this is only just the beginning warns housing analyst Nick Gerli. He expects the price corrections to get much deeper as we head into 2023. https://youtu.be/UdgmR6qgmow Learn more about your ad choices. Visit megaphone.fm/adchoices