Foreclosure activity in Texas, especially DFW, surges, revealing a housing bubble worse than 2008.
THIS IS GOING TO GET REALLY BAD VERY SOON…
— Mike Investing (@MrMikeInvesting) October 22, 2024
September existing home sales fell 3.5% year-over-year to the lowest level since October 2010 (!!!!)
US home sales are on track for their worst year since 1995 (!!!!!)
— unusual_whales (@unusual_whales) October 23, 2024
September 2024 existing home sales were also lower than 2020 lows (shown in red) when the entire country was locked inside, with 20% unemployment and fear of dying of Covid if you toured an Open House
Not good. pic.twitter.com/R9L6vH5FgQ
— Amy Nixon (@texasrunnerDFW) October 23, 2024
For the first time since August 8th, the average interest rate on a 30-year mortgage is back above 7%.
Since the Fed cut rates, mortgage rates have risen over 50 BASIS POINTS.
Such extreme moves have rarely ever occur during interest rate CUTTING cycles. pic.twitter.com/dDopqoKN6N
— The Kobeissi Letter (@KobeissiLetter) October 23, 2024
Homeowners haven’t drained cash out of their houses this fast since 2008, per MW
— unusual_whales (@unusual_whales) October 23, 2024
The Sahm Rule has been triggered
It's predicted the last 9 recessions
With 0 false signals since 1960
This won’t end well
A thread 🧵 pic.twitter.com/v6Z81KWDL6
— Bravos Research (@bravosresearch) October 23, 2024
About a 72% down day for $SPX stocks, so far. Mega caps leading on the downside with small and mid caps outperforming.
— Andrew Thrasher, CMT (@AndrewThrasher) October 23, 2024
The 80-day and 180-week cycles in the $spx are nearing potentially important turning points.. pic.twitter.com/JJDhmNb1xf
— Michael J. Kramer (@MichaelMOTTCM) October 23, 2024
Wouldn't it be funny if tomorrow was another Black Thursday pic.twitter.com/V09YWYfhgJ
— Darth Powell (@VladTheInflator) October 23, 2024
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