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Home Foreclosures are Surging. Repeat of 2008 Mortgage Bust Coming? | Nick Gerli & Amy Nixon

Wealthion - Be Financially Resilient

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The Effects of Inflation on the US Housing Market

There are what I would call consistent regular, almost debt like items in people's budgets that are not included when a lender is looking at your debt to income ratio. An example is childcare. A lot of couples that have a couple of kids are spending thousands of dollars a month on childcare. But the reality is you cannot cut that expense out. And there's all other sorts of fixed expenses like your food utility. So we still need to add another 500,000 homes on the market to get back to pre-pandemic inventory levels. In Austin, inventory is just back to what it was in 2019 and prices are down close to 20%.

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