October 3, 2024

Housing Bubble Has Burst

Homebuyers are cancelling home purchase contracts. The 2022 Housing Crash has started.

Homebuyers across the U.S. – especially in Housing Markets such as Phoenix, Las Vegas, and Los Angeles – are cancelling contracts and sending homes back on the market.

Housing Bubble Has Burst

California real estate - New California Real Estate Tax  - Housing Bubble Has Burst
Real Estate housing bubble

That’s because the 2022 US Housing Market has become too expensive. The typical Mortgage Payment is up 50% in a year. While Worker Wages are only up 6%.

Many Banks are now rejecting Mortgage Applicants because the Debt-to-Income Ratios are too high, resulting in Cancelled Contracts. This could be the first sign the 2022 Housing Crash.

Discerning Homebuyers and Real Estate Investors can take advantage of this situation by targeting Houses that have been on the market a long time and have numerous price cuts.

Despite these Cancelled Contracts and Price Cuts, many Homebuyers are still frustrated by low inventory and bidding wars.

The Housing Bubble is still raging for the nicest Homes in the nicest Neighborhoods, like the Zillow Listing for the Property in Dallas at 5:06. But heading further out, to ZIP Codes and Neighborhoods with more inventory, could allow a homebuyer to purchase a home at discount.

States with the largest increase in price cuts – and where the Housing Crash will start in my opinion – include Idaho, Utah, Arizona, Nevada, and Colorado according to new data from Realtor.com.

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San Diego Real Estate Website for sale

An  opportunity to purchase a two-decade old real estate site ( https://brokerforyou.com/brokerforyou/) centering on San Diego California. Besides a very unique and generic URL, the site has over a thousand pages of content which provides for easy updating and basic SEO techniques to regenerate it’s hi keyword standings for San Diego real estate.

  • www.brokerforyou.com is 24 Years old! The vast majority of search engine professionals agree that the age of a website is an important factor in the Google algorithm.

    There is also another undisputed factor in the ranking of websites. That factor, is the amount of unique specific content published on the website. So, it’s pretty hard for a two year old or a five-year-old or for that matter a 10-year-old website out rank a 24-year-old website that has 2 to 4 times the content.

    San Diego real estate opportunity  www.brokerforyou.com is for sale! if your real estate broker in San Diego California or thinking of expanding your brokerage business into San Diego, purchasing www.brokerforyou.com to give you a huge boost in becoming a player in the residential San Diego real estate market.

    Brokerforyou.com is for SALE

    Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65  billion! YouTube now operates as one of Google’s subsidiaries.

    www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!

    What’s the approximately monthly cost to host a website?  With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month!  Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.

    Interested, call Bob Schwartz (619) 286-5604 for additional information

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Housing Bubble Has Burst