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A Coming Surge In Inventory To Drop Home Prices By Up To 35%? | Nick Gerli

Wealthion - Be Financially Resilient

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The Overvalued Housing Market

Mortgage rates have become so expensive right now that literally an affordable and an affordability standpoint housing is the most unaffordable it's ever been for a new buyer. Right now it's around 50% more expensive to become a home buyer than to remain a renter in America. It's overvalued relative to how much money people make like people can't qualify for loans on their income, but it's also overvaluedrelative to rent. And so it's overvalued in all these different ways, which is yet another indicator that you know prices are going to need to come down more in the future.

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