Summary of It Started: The Worst Housing Crash In 40 Years

00:00:00 - 00:10:00

This video discusses the recent housing market crash and how it is likely to shift the entire market. It says that prices are dropping and that this is likely because of the increase in interest rates. The economist says that this could lead to a crash, but it's not likely.

• 00:00:00 This video discusses the recent housing market crash, which analysts believe has begun to create a shift within the entire market. The crash has seen prices decline month over month national home prices have fallen 0.77%, and even though this doesn't sound like a lot, it is beginning to create a substantial shift within the entire housing market. Mortgage refinances have hit their lowest levels ever reported, and home prices have also begun to decline. The largest decline has been seen in San Jose, California.
• 00:05:00 The video discusses the current housing market and how it is changing. It says that prices are dropping and that this is likely because of the increase in interest rates. The economist says that this could lead to a crash, but it's not likely.
• 00:10:00 The housing market is likely to shift anywhere between zero and negative five percent year over year, potentially resulting in a negative ten percent drop in prices. Taking steps to protect yourself could include shopping around for mortgage rates, not getting attached to any one property, and negotiating.