Tweets by LorenzoBatarilo
Kevin Magna Tweet
The losses Opendoor is taking on the inventory they still have on the books is scary. Here's one in the suburbs east of SF that I've been watching. pic.twitter.com/RZDPOQvd8C
— Kevin Magna (@kevinmagna) December 1, 2022
Lance Lambert Tweet
I just spoke with CoStar CEO Andy Florance. Peak-to-trough, his team thinks home prices will fall closer to -20%.
"People who think a 10% drop [in home prices] are dreaming…20% [dip] is more comfortable."
— Lance Lambert (@NewsLambert) December 2, 2022
Animal Spirits Charts
https://awealthofcommonsense.com/2022/12/what-happens-if-housing-prices-fall-20/
Redfin Stats
Housing Market Update: Asking Prices Come Down from All-Time High
Redfin Investor Stats
Real Estate Investors Are Buying a Record Share of U.S. Homes
There is a hidden housing crash happening right now as you watch this video. While many seem to be ignoring the obvious, the real estate market has entered into crisis mode and what awaits us in 2023, is a disaster that could be worse than what we saw in 2008. While many remain skeptical due to some conflicting reports, fresh new data is pointing to a troubling future.