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re: Wall Street: Housing market to see 2nd biggest home price decline since Great Depression
Posted on 10/4/22 at 12:27 pm to stout
Posted on 10/4/22 at 12:27 pm to stout
quote:
quote:
by 2024 around the housing inventory will consist of around 20-30% of foreclosed properties.
I dont see that happening.
That would make more than one major financial institution fail.
Bookmark the post because those percentages are what multiple large REO institutions are forecasting right now. Again, this will be available inventory. I'm not saying that 20-30% of all available homes will be in foreclosure just the future inventory numbers I'm being told will be 20-30%.
And yes you will see the Non-Bank Lending sector consolidate which is what I mentioned above. Buy Bank stocks avoid non-bank lender stocks.
This post was edited on 10/4/22 at 12:32 pm
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