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The Housing Market is in Big Trouble in 2024
Every sign out there signals the housing market is in big trouble. The liberal media and the Democrats are in a state of denial and according to FED Chairman Jerome Powell, Treasury Secretary Janet Yellen, President Joe Biden, VP Kamala Harris, the liberal media from CNN, CNBC, and every major news networks are saying everything is fine and that Bidenomic is the savior of the forecasted recession and the U.S. economy had a soft landing and we are now in great shape. Who are they kidding. You do not have to be a genius to see that inflation is far worse than the numbers claim. People are not making it with what they are making. Inflation did not stabilize. That is a total crock of bullshit. Look at the prices at the grocery store. Have you seen goods and services doubling and tripling in price in such a short period of time? Most American’s wages have not gotten wage increases to match the rate of inflation. The Federal Reserve Board is headed by a total incompetent leader and the board are a mere of incompetent joke. The dollar is literally worthless and the global economic leaders have lost any and all respect for U.S. currency and I do not blame them. Anyone with a single digit IQ will tell you they will be crazy to invest in the U.S. treasuries the way they are printing the dollar like there is no tomorrow. The dollar is not backed by any hard assets such as Gold or Silver. The inflation rate is far from being stabilized. A Big Mac Value meal at McDonalds is $20.00. California, under the leadership of Gavin Newson is losing residents by the tens of thousands daily and the state is in chaos. Democrat states like California, New York, Illinois are passing laws of making illegal aliens able to own guns and become police officers. Mortgage rates, which seemed like there was a light at the end of the tunnel a few weeks ago when it dropped to the low 6.00% jumped backed up to over 7% due to FAKE economic and unemployment numbers and made up economic data which hands down is a big fat LIE. Corruption is rampant and never in history has the liberal left been as out of control as they are now. The left have no shame. They get caught cheating, lying, stealing, and can lie straight to the American people with a straight face. Home prices have doubled in the past couple of years in many areas of the country and many homeowners have done a cash-out refinance to tap into their artificial equity. The housing market crash forecast is not an IF but a DEFINITE COMING SOON to a neighborhood near you. In the past it was difficult to predict the housing market with complete certainty, as it is influenced by various economic factors that can shift over time. However, based on current data and expert analysis, the potential housing market forecast for the U.S. housing market in 2024 is definitely a given doom and gloom. Moderating home price appreciation: The deniers of the true economy seem to think that after years of rapid home price growth, housing prices will continue to increase, and most forecasts suggest a deceleration in 2024, with prices expected to rise at a more moderate pace of around 2-4% nationwide. However, the realists believe home prices will tank a solid 40% or more and the Dow Jones Industrial Average will fall below 20,000. Stabilizing mortgage rates: If inflation continues to cool, mortgage rates are projected to stabilize in the range of 6-7% by 2024, down from the peaks seen in late 2022. Improving housing inventory: As higher mortgage rates continue to cool demand, the inventory of homes for sale is expected to gradually increase, providing more options for buyers and a potential drop in home prices. More bankruptcies and foreclosures is expected as wll as divorce rates is suppose to skyrocket. Shift towards a balanced market: The deniers and globalists seem to believe the housing market is anticipated to transition from a strong seller’s market to a more balanced state, with less competition and fewer bidding wars which is a crock of shit. Realists believe the real estate market will tank worse than the 2008 financial crisis, more foreclosures, and bankruptcies than ever recorded in history. Affordability challenges: Despite moderating prices, affordability will likely remain a major concern for many buyers due to higher mortgage rates and lingering inflation and homelessness is suppose to skyrocket like never before in the history of the United States. Rental market strength: The rental market is expected to remain strong in 2024 but many rentals is forecasted to increase where many people will not be able to afford rent. Many people who could have afforded homes are not priced out of the housing market and stuck with renting because it is driven by demographic shifts and affordability constraints for homeownership. Regional variations: Housing market conditions will continue to vary across different regions and metropolitan areas, with some markets cooling faster than others. Economic factors: The overall performance of the housing market will depend on factors such as job growth, consumer confidence, and the broader economic conditions in 2024. The media is not reporting the truth about millions of people getting laid off, large number of small businesses shutting their doors, and people losing faith in the American economy. It’s important to note that these forecasts are based on current data and assumptions, and unforeseen economic or geopolitical events could alter the trajectory of the housing market. Additionally, local market conditions may differ from national trends. Wake up, America. We need a total overhaul of corrupt politicians, and a full correction of the housing market and get rid of lifelong career politicians. Fake NEWS needs to be banned and censorship needs to get outlawed. Who in the Hell is Bill Gates, Barack Obama, Anthony Fauci, Nancy Pelosi, Joe Biden, and thousands of liberals and Globalists to demand human depopulation with the coronavirus vaccine, chem trails, killing babies for adrenochrome, and human trafficking where they get to live long and euthanize Americans older than 70 years old. Americans need to voice these concerns and take our country back and eliminate the satanist, evil, mortals who do not belong in this world and need to be terminated as well as their bloodlines. Here is an informative video from Peter Schiff who called the 2008 financial crisis and was spot on.
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8 Replies
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The debt in the United States went from $7 trillion in debt sixteen years ago to $35 trillion dollars today. These incompetent politicians are totally out of control. Remember the wise elder always preach not to spend money you do not have? Do not take what does not belong to you. Politicians are printing the U.S. dollar like their is no tomorrow. The dollar needs to be backed by gold and silver. You cannot just print the dollar because you need it. The elite is destroying America and the people need not just speak out but take action.
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Is the housing market in trouble? Real estate values, stocks, bonds, and other assets normally appreciate over time. However, for real estate values and prices to appreciate 50% to 100% over a course of 24 months is not a healthy thing. Any assets appreciating 50% to 100% is not a good thing. What goes up normally comes down. The stock market Dow Jones Industry Average used to be 18,000 after the coronavirus outbreak news in February 2020. Today the Dow is nearing 40,000. The status of the housing market in 2024 would depend on various factors such as economic conditions, government policies, interest rates, and local market dynamics. Nobody has a crystal ball but with mortgage rates skyrocketing and no correction in the housing market, it is a dangerous slope in doubling down on real estate or buying real estate during time of instability, economic chaos, skyrocketing inflation, political corruption, the media lying to the American people, and dirty politicians printing money like toilet paper. It is advisable to siphon recent real news versus fake news sources or financial experts with creditbility and not jokers like Jim Kramer and other left winged liberal media outlets or the most up-to-date information on the housing market in 2024 from your own due diligence.
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There is going to be an unstoppable housing market crash in the near horizon according to the Nostradamus of the economy Peter Schiff. Peter Schiff is the legend in forecasting the economy. Peter Schiff is the man who predicted the 2008 financial crisis and the Great Recession of 2008. Peter Schiff was being ridiculed by every one in his predictions of the housing bubble of 2008, the banking collapse, and the destruction of the United States economy. However, he proved everyone wrong and Mr. Schiff was spot on. Peter Schiff is not wavering in his forecast of an unstoppable housing crash like never before in history of the United States coming in the weeks and months ahead. Be ready folks. Bankruptcy and foreclosure is going to skyrocket like never before. The dollar is becoming more worthless. Peter Schiff says house is an expense and not an investment but does not depreciate as fast as cars or other expenses.
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The economy is not in good shape, it is all upside down due to incompetent individuals that have no business leading America!
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Thank you for sharing your thoughts, Christy @Cpensacola . I think your comment is an understatement and you are trying to be nice to these morons, the New Age Democrats who have absolutely no shame in lying with a straight face on public television. $100k a year was a great high end salary for most Americans. Not no more thanks to the leadership of Dementia Joe Lying Cheatin Unpotty trained Biden, as well as our first gay black president (can’t even do that shit right: He is not even full black) married to a transgender. Need these clowns out of office and President Donald Trump back in.
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iNFLATION is totally out of control. Janet Yellen comes out on national television and says that inflation is under control and that she is so amazed at the senile dementia ridden Joe Biden due to his Bidenomics in avoiding a great depression. The bitch is a senile POS. Inflation refers to the rate at which the general level of prices for goods and services in an economy rises over a period of time, leading to a decrease in purchasing power. Inflation is typically measured as an annual percentage increase in the Consumer Price Index (CPI) or the Producer Price Index (PPI), which track the average change over time in the prices paid by consumers and producers for a basket of goods and services.
Here are some key points about inflation:
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Causes: Inflation can be caused by various factors, including:
- Demand-Pull Inflation: Occurs when demand for goods and services exceeds supply, leading to upward pressure on prices.
- Cost-Push Inflation: Results from increases in production costs, such as wages or raw materials, which are passed on to consumers through higher prices.
- Monetary Factors: Changes in the money supply, interest rates, or central bank policies can also influence inflation levels.
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Types: There are different types of inflation, including:
- Moderate Inflation: A gradual and steady increase in prices over time, which is considered normal in a growing economy.
- Hyperinflation: An extremely rapid and out-of-control increase in prices, often accompanied by a collapse in the value of the currency.
- Deflation: The opposite of inflation, where the general level of prices decreases, leading to an increase in the purchasing power of money.
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Effects: Inflation can have various effects on an economy and its participants:
- Erodes Purchasing Power: As prices rise, the value of money declines, reducing the purchasing power of consumers’ income and savings.
- Uncertainty: High or unpredictable inflation can create uncertainty for businesses, investors, and consumers, making long-term planning and investment decisions more challenging.
- Redistribution of Income: Inflation can redistribute income and wealth, benefiting borrowers (who repay loans with less valuable currency) and harming savers and fixed-income earners.
- Economic Distortions: Inflation can distort relative prices and resource allocation, leading to inefficiencies in the economy.
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Measurement: Inflation is measured using various price indices, such as the Consumer Price Index (CPI), Producer Price Index (PPI), or GDP deflator. These indices track changes in the prices of a representative basket of goods and services over time.
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Control: Central banks and governments use monetary and fiscal policies to manage inflation levels:
- Monetary Policy: Central banks adjust interest rates, control the money supply, and use other monetary tools to influence inflation.
- Fiscal Policy: Governments can adjust taxation and spending policies to influence aggregate demand and inflationary pressures.
Overall, inflation is a complex economic phenomenon with significant implications for individuals, businesses, and policymakers. Managing inflation effectively is crucial for maintaining price stability and sustainable economic growth. Inflation is out of control, interest rates should be lowered by Jerome Powell, the Federal Reserve needs to STOP printing money, the liberal media all need to get arrested and tried for treason and being absolute pieces of shit liars, and the liberals, globalists, and satanists need to STOP with creating another coronavirus outbreak and vaccines to depopulate humans.
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I have absolutely zero respect for this old bag of potatoes Janet Yellen.
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This is an older video of Peter Schiff talking about imbecile Janet Yellen who has a zero IQ and does not know an ounce about economic. The worst of the worst and dumbest shitshow in America. She should not breed.