Rising Delinquencies and Repos - Wolf Richter #5564

Financial Survival Network · Jul 21, 2022 · 21m

Summary: Has the housing bubble popped? Is it in the process of popping right now? Here to give us the latest news on this is Wolf Richter. The housing market is going through a major shift as stocks decline and mortgage rates go up. Even though we can’t see the progress of this in real time, we can note how the underlying dynamics are changing dramatically. To find out what’s to come, be sure to tune in and hear what Wolf has to say. Highlights: -The momentum is draining out and housing stocks are down -The housing market nationwide is going through a “come to Jesus" moment because of the…