Housing experts predicted housing supply wouldn’t rise due to low mortgage rates, but people will sell homes to combat inflation.
The need for cash as inflation continues to soar will have people fire selling their assets as @Redfin states below with people and their houses but the problem is demand for housing continues to collapse https://t.co/E0KPlYH4bB
— The Punisher (of Wall ST) (@GregCrennan) October 29, 2023
So 🏡
Supply is 📈
+
Demand is 📉
=
$$ Price 📉 https://t.co/l9KAhvfPJ1— The Punisher (of Wall ST) (@GregCrennan) October 29, 2023
Housing experts told you housing supply won’t rise because who will trade in their low mortgage rate for a high one, failed to realize that people will fire sale their homes in a need of cash to combat inflation. Again inflation destroys an economy https://t.co/M5CyB93pm0
— The Punisher (of Wall ST) (@GregCrennan) October 29, 2023
“Airbnb rates are down significantly for World Series week in four of the Phoenix metro’s short-term rental hubs, despite hotels in downtown Phoenix being nearly booked up” pic.twitter.com/tVQeovEnrZ
— Amy Nixon (@texasrunnerDFW) October 29, 2023
#RealEstate #Housing #Mortgage #MortgageBroker 📉 💀https://t.co/G8cfA4QXTY pic.twitter.com/LwwYjBKsqc
— Invariant Perspective (@InvariantPersp1) October 28, 2023