{"id":11473,"date":"2025-04-13T08:06:57","date_gmt":"2025-04-13T15:06:57","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=11473"},"modified":"2025-04-13T08:06:57","modified_gmt":"2025-04-13T15:06:57","slug":"home-buyers-bail-in-droves-as-realtors-reveal-how-they-are-waiting-for-a-crash-as-big-as-2008","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2025\/04\/13\/home-buyers-bail-in-droves-as-realtors-reveal-how-they-are-waiting-for-a-crash-as-big-as-2008\/","title":{"rendered":"Home Buyers Bail in Droves as Realtors Reveal How They Are Waiting for a Crash as Big as 2008"},"content":{"rendered":"\n

It’s not just homes being overvalued, but it’s increasing insurance costs and property taxes too. And there looks to be a rent collapse in some areas<\/a> where landlords getting started are already getting wiped out. Commercial real estate is also in trouble, and especially large apartment complexes. When the WEF was saying you’ll rent everything and own nothing, this correction they’ve prepared so they can swoop in and buy a lot of real estate for pennies on the dollar working towards that very goal. As a lot of people and investors just don’t have the extra money to absorb the rising costs of ownership compounded with inflation. Consequently, they’ve managed to push the crash out years with monetary policy and COVID, but once people lose confidence in the system it can unravel quickly, and keep in mind with fractional reserve banking<\/a> and a small federal insurance fund, what some people think they hold in savings is actually not really there when confidence evaporates.<\/p>\n\n\n\n

https:\/\/endtimeheadlines.org\/2025\/04\/home-buyers-bail-in-droves-as-realtors-reveal-how-they-are-waiting-for-a-crash-as-big-as-2008\/<\/a><\/p>\n\n\n

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In recent months, the U.S. housing market has taken a sharp and unsettling turn.<\/p>\n\n\n\n

Across the country, prospective buyers are backing out of deals, realtors are hitting pause on aggressive selling strategies, and industry insiders are bracing for what some believe could be the biggest market correction since the infamous 2008 financial crash.<\/p>\n\n\n\n

According to a Redfin report<\/a> published in March 2025, nearly 17% of all home purchase agreements in major U.S. markets were canceled in February alone.<\/p>\n\n\n\n

That\u2019s one of the highest rates since the height of pandemic-era uncertainty in 2020.<\/p>\n\n\n\n

\u201cBuyers are getting cold feet,\u201d says Redfin\u2019s Chief Economist Daryl Fairweather. \u201cThey\u2019re seeing high interest rates, stagnant wages, and signs of overvaluation\u2014and they\u2019re walking away.\u201d<\/p>\n\n\n\n

Business Insider echoed these sentiments, citing a growing number of buyers who are actively choosing to rent instead of purchase, anticipating a significant market correction.<\/p>\n\n\n\n

One realtor from Phoenix told the publication, \u201cPeople are sitting on the sidelines. They think a crash is coming, and they want blood in the streets before they make a move.\u201d<\/p>\n\n\n\n

Seasoned real estate agents are increasingly comparing current conditions to those preceding the 2008 housing collapse.<\/p>\n\n\n\n

In a recent CNBC segment, Florida-based realtor Linda Sells called it \u201ceerily similar,\u201d noting that speculative investors are pulling back, mortgage defaults are slowly ticking up, and over-leveraged homeowners are struggling to sell at the prices they paid just a year or two ago.<\/p>\n\n\n\n

Even The Wall Street Journal published a feature last week detailing how realtors are advising clients to wait for deep discounts\u2014an odd but telling reversal of the typical sales pitch.<\/p>\n\n\n\n

\u201cWe\u2019re in wait-and-see mode,\u201d one Dallas agent said. \u201cWe don\u2019t want buyers jumping in now and catching a falling knife.\u201d<\/p>\n\n\n\n

As reported by Bloomberg, average 30-year mortgage rates have hovered above 7% for over six months, compounding the affordability crisis. Combine that with inflated home prices and stagnant inventory growth, and many economists now warn that the market is due for a \u201csignificant reset.\u201d<\/p>\n\n\n\n

Mark Zandi, chief economist at Moody\u2019s Analytics, told The Washington Post, \u201cHome prices in many regions are detached from fundamentals. A correction is not only likely\u2014it\u2019s necessary.\u201d<\/p>\n\n\n\n

It\u2019s not just homebuyers feeling jittery\u2014large institutional investors are scaling down their real estate portfolios as well.<\/p>\n\n\n\n

Reuters highlighted how Blackstone and other major firms have slowed down their acquisitions, citing risk and uncertain returns. \u201cWe\u2019re not in buying mode,\u201d said one investment manager. \u201cWe\u2019re watching to see how much further prices fall.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s not just homes being overvalued, but it’s increasing insurance costs and property taxes too. And there looks to be a rent collapse in some areas where landlords getting started are already getting wiped out. Commercial real estate is also in trouble, and especially large apartment complexes. When the WEF was saying you’ll rent everything […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-11473","post","type-post","status-publish","format-standard","hentry","category-world"],"blocksy_meta":[],"featured_image_src":null,"author_info":{"display_name":"Jason","author_link":"https:\/\/jasonsblog.ddns.net\/index.php\/author\/jturning\/"},"_links":{"self":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/11473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/comments?post=11473"}],"version-history":[{"count":1,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/11473\/revisions"}],"predecessor-version":[{"id":11474,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/11473\/revisions\/11474"}],"wp:attachment":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/media?parent=11473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/categories?post=11473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/tags?post=11473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}