They Just Did It...

Blackstone Just Saw A Ghost as Home Partners of America is halting their purchases of homes in 83 markets. These 183 housing markets could soon see home prices fall 20% as Evictions on the rise landlord in trouble. In a Hot Real Estate Market. Private Equity Selling Real Estate Fast! Some reasons I believe this is happening is due to a Foreclosure Surge about to hit the US Housing Market. Millions in Default. The 2022 Housing Crash is about to get worse. Foreclosure Starts are up by over 150% YoY as Banks are working through the Foreclosure Backlog built during the pandemic. These foreclosures are going to hit Housing Markets like Riverside, Phoenix, and Atlanta hardest. Foreclosure are going to be worse than anticipated is because of all the BAD LOANS across the US Housing Market. Homebuyer Down payments have been consistently declining over the last 50 Years while Debt to Income Ratios have been rising. In fact - Homebuyers are putting less money down today than they were at the peak of the 2006 Subprime Bubble.  Here is a link to my Real Estate channel please subscribe: https://youtu.be/QgMPGfM4yx0