US Housing Crisis - I am sure it is happening all over the world (Patreon)

In December, 16.2% of all home sales that were supposed to happen didn't go through, which is the highest for any December ever recorded. This is the third highest rate since we started keeping track in 2017.

Around 40,000 deals to buy homes were canceled last month.

More people have been canceling their home purchases since 2022 because mortgage rates are very high right now.

Last week, the average rate for a 30-year fixed mortgage was 7.04%, the highest since May DESPITE JP RATE CUTS OF 100 BPS - things are out of control and Bond Market is toast.

People cannot afford to buy homes, nor in some states can they even insure them.

This is a housing crisis.

REM CASH IS KING IN THIS MARKET - u can score GREAT DEALS