Is a Real Estate Market Crash Happening This Year!?
In this clip from the Weekly AMA, we talk about the current state of the real estate market.
Between rising rates and rising prices, new home sales are down 16% from April compared to March.
Neal thinks the American home buyer might be getting priced out and Mitch thinks the American buyer isn't selling to upgrade.
It's entirely possible that a massive Real Estate crash is on the horizon. This could be yet another catalyst to deepen the recession. It can also be a huge opportunity for people like us - who invest in real estate - to buy homes and land on the cheap to flip coming out of the next Recession.
Neal is a great example of someone who took advantage of this in 2008, where he made a killing on buying a cheap home that is now worth exponentially more than the purchase price.
Will this be another 2008-like event in real estate?
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