Anybody really surprised by this?
With the Democrats printing and blowing money like a crack whore with a stolen credit card at a time when inflation was already starting to climb, a housing crash is a near certainty. Despite the US having a housing shortage. Prices are still historically high. But nothing is selling right now. Interest rates have already doubled over what they were 18 months ago, significantly reducing what buyers are able to pay for a home. And with the “recession by any other name” getting ready to kick into high gear, it won’t take long for some of these home sellers to start to get desperate and dump their properties on the cheap. The next shoe in President Pants Load’s “green transition” is about to drop.