Billionaires are taking advantage of market turmoil by investing heavily into my favorite “fear-to-fortune” stock. It’s a secret used by investors like Warren Buffett, David Tepper and Sir John Templeton to become filthy rich. How it works is simple…
Goldman Sachs is making headlines by predicting real estate market crashes in some cities.
That’s almost certainly true since all real estate is local.
But nationally, a steep crash is unlikely.
Panic selling is key during a crash. But in the current market, there aren’t many sellers.
The most recent data from the National Association of Realtors in the chart below shows the number of listings is 42% below its pre-pandemic average.
That makes sense.
Potential sellers might feel stuck. If they sell, the interest rate on their mortgage for their next property could double, meaning they’d have to buy a less expensive home.
Bottom line: A wave of selling is unlikely without pressure on sellers and there’s no sign of pressure in the current market.
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