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The housing market is facing a collapse right before our eyes! In today’s video, I’m diving into why buyers are not showing up, homes are staying on the market longer, and cancellations are at their highest level since 2017. From the staggering number of listings being pulled to rising mortgage interest rates, we’re seeing the real impact on homeowners, buyers, and the economy. I’m walking through downtown Huntington Beach, California, sharing insights on everything from failing businesses like IHOP to the struggles of affording housing in today’s market.
We talk about homeowners unable to get insurance, the skyrocketing debt-to-income ratio, and what it means for the future of real estate. Plus, I share some practical advice on managing your finances, staying prepared, and making smart decisions during these uncertain times. Don’t miss this honest conversation
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Here are the links for the stories mentioned in this video:
https://www.msn.com/en-us/news/news/content/ar-AA1yY8ss?ocid=sapphireappshare
https://www.redfin.com/news/home-sales-fall-supply-rises/
https://finance.yahoo.com/news/california-1-billion-insurer-bailout-140000021.html
https://wolfstreet.com/2025/02/13/ppi-inflation-accelerates-to-3-5-yoy-worst-in-2-years-driven-by-services-amid-massive-up-revisions-in-services/
https://t.ly/vm_G5
https://www.bloomberg.com/news/articles/2025-02-13/us-consumer-debt-delinquency-hits-highest-in-almost-five-years
https://t.ly/36XKR
https://amp.cnn.com/cnn/2025/02/14/economy/us-retail-spending-january
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And as always, please be kind to everyone. Onward and Upward.
All the best,
Dan