Are we in a housing bubble? Home buying pessimism?...It's a Realtystream.... Join us!

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0:00 Introduction
4:27 A Home showing report from Saturday
9:38 Houses not appraising?
19:53 Worlds oldest person is dead
25:07 Luxury Homes in Detroit, Michigan
38:43 Mortgage rate report
40:13 Why does a housing bubble burst?
49:25 Home buying sentiment index for March 2022
58:32 What did we learn today?

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First off: a welcome it’s great to be able to be with you today

“The single most important decision you make is where you live.

It drives your business opportunities, relationships, food and water supply, politics, activities, and day-to-day quality of life.” Naval

Google Trends has us learning about worlds oldest person…dead(100k searches)

30 year fixed mortgage rate came in 5.32%

We will look at luxury homes in Detroit, Michigan

A. Are we in a housing bubble? How will it burst?
B. Home buying pessimism hits new highs

Sources:
https://www.npr.org/2022/04/25/1094630648/the-worlds-oldest-person-japans-kane-tanaka-dies-at-age-119

https://realtytimes.com/real-industry-news-articles/item/1044609-why-do-housing-bubbles-burst

https://www.fanniemae.com/newsroom/fannie-mae-news/consumer-pessimism-regarding-direction-mortgage-rates-hits-new-survey-high

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