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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 Effect of Higher Interest Rates on the Economy

Mortgage applications to buy a house are at their lowest level in 25 years. The net effect is going to be more inventory on the market for sale, for rent and it's going to push downward pressure on prices and rents. Home sales were 4.4 million in March; that's basically the levels we saw in 0708 going into the last crash.

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