DNA Property

During the 2008 housing crash the mortgage backed security ETF had a 6% drop. This is what the movie The Big Short is based on. Currently we’re sitting on a 16% drop and more to come. Seeing massive price cuts to top end homes here in NH and still zero buyers. Last pic is for all the “no inventory” people it’s there and will come to market.

Existing home sales are absolutely tumbling at a drastic rate. Expectations were 1.1% the drop was 5.4% in one month. This doesn’t mean prices are headed down as quick it’s a leading indicator. Sales bottomed in 2009 but prices didn’t for a year+ or so after that. Real estate is a slow grind. It’s like turning the titanic, it takes time but once it’s in a new direction there is no going back. Prices will follow by 2023 as per my previous posts.

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Knowing future prices is impossible, however knowing if current prices are cheap or expensive is the key to real estate investing. Right now is the time to batten down the hatches, take some profits, lower leverage and have some cash on the sidelines in order to buy when prices are cheap historically. When everyone is buying you should be selling.

Update for home sales absolutely cratering nation wide 🤙 prices to follow