Housing Bubble Threatens To Trigger 50% Property Value Drop As Mortgage Rates Soar

 
 

(EpicEconomist) Nearly 14 years after the last housing bubble burst, inflated property values are about to face a brutal drop as rising mortgage rates and worsening affordability cool off the boom that sent home prices up by a staggering 34% over the past two years. According to the latest estimates, at least half of that gain can be lost this year as changing market conditions inevitably trigger a national home price correction. Homeowners are getting increasingly burdened by their loan payments, while first-time buyers simply can’t enter the market anymore. At this point, over 90% of the market is extremely overvalued, and experts are telling us that even a 10% crash would throw the U.S. economy into disarray.

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