At the same time, homebuyers are now putting FAR LESS down than the 2008 era.
The average downpayment was 14% in 2020 and now 18%, well below the 22%+ seen in 2008.
All while interest rates hit 30-year highs.
Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/ApTjkIQuRp
— The Kobeissi Letter (@KobeissiLetter) September 4, 2023
Warning: US office vacancy rate is now higher than even the 2008 Financial Crisis pic.twitter.com/B7XX3ZiFEt
— Bravos Research (@bravosresearch) September 3, 2023
h/t by walkorfly