Source: OpticFlux —
One of the strongest economic sectors in the United States at the beginning of the pandemic was the housing market but, just like all other sectors, it appears that it’s now slowing down.
The signs that this is the case have caused increased concern for those who were planning on investing in real estate.
More precisely, the looming threat of another recession, increased rates as well as the Federal Reserve’s announcement about more hikes, have led to buyers but also builders to press pause on their plans and projects.
Investors seem to be looking to short the market as well, fearing that another housing crash like the one in 2008 would once again take place.
Sure enough, reports say that the one who predicted the initial housing crash at the time, Michael Burry, tweeted back in July that the housing market is in “free fall.”