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Podcast: Thoughtful Money with Adam Taggart
Episode: "People Are Waking Up" And Becoming Motivated Home Sellers | Melody Wright
Description: Yesterday I had a private conversation with housing analyst Melody Wright. In it, she revealed how shocked she is by the latest stats that show how the housing market is starting to unravel.
Record-low transactions during what is normally the business time of the year for home sales. Inventory up nearly 30% year over year nationally.
And of ever greater concern, spiking delinquencies -- in some cases, at rates worse than seen during the 2008 Global Financial Crisis.
In Melody's words this is the turning point and "winter is coming" for the housing market.
Not that you'd know it by looking at...