Buying Real Estate

Phase 2 of Housing Crash Just Started (Rental Collapse in Phoenix)

Phoenix’s Housing Market is delivering a WARNING to the Rest of America: the Housing Crash is here, and it is getting worse.

Phoenix’s Housing Market is the first to experience a double-barreled Housing Crash in 2022. Where both the For Sale and Rental Markets decline at the same time. Real Estate Investors are now bailing out of the Housing Market as a result.

Phoenix tends to “lead” the US Housing Market. Back in the mid-2000s Phoenix (as well as Las Vegas) were the first markets to crash. And then the rest of America caught up. A similar trend is playing out in 2022. Atlanta and Charlotte are two others markets with lots of Real Estate Investors and Home Building that are likely to follow in Phoenix’s footsteps in coming months.

Aug 2021 Video on Rental Bubble: https://youtu.be/OI_g85Dn5lk
Feb 2022 Video on Phoenix: https://youtu.be/5_muaO-TRz4

Some might ask: “How is it possible that demand for rentals and for sale properties goes down at the same time?” If Mortgage Rates go up, and fewer people buy, shouldn’t rental demand increase? Interestingly – no. Demand to buy and demand to rent are both part of overall Housing Demand. And now in 2022 we are seeing Housing Demand decline due to Inflation, the Recession, and record low Consumer Sentiment.

Evictions are also part of the slowdown in the Rental Market in Phoenix, with Maricopa County reporting a record high in recent months. Unfortunately, we do not have access to National Data from Eviction Lab to verify the Evictions. They stopped updating it on August 6th.


JOIN as a Reventure CHANNEL MEMBER:
https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
INSTAGRAM: https://www.instagram.com/reventure_consulting/
TWITTER: https://twitter.com/nickgerli1
CONACT US: https://reventureconsulting.com/contacts/

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.

Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Videvo. http://www.videvo.net/

#housingmarket #rentalproperty

Products You May Like

Articles You May Like

$800k in Profit to be Made on this House Flip?
American homebuyers are finding UK bargains, discounted by a weaker pound
Manhattan apartment sales fell 18 percent in latest quarter as interest rates soared
3 of the BEST Real Estate Investing Strategies our Investors Use in TODAY’S MARKET!
How I Sold My First Real Estate Flip In Houston For $13.6 Million! (Step-By-Step) || MANNY KHOSHBIN

Leave a Reply

Your email address will not be published.