These Indicators Are A Good Predictor Of When The Crash Might Occur: David Quintieri
David Quintieri, he is best known for his books The Money GPS and the Global Economic Collapse , he is the owner and creator of the youtube channel and website the themoneygps.com
If interest rates rise much more then this bubble is about to pop right now. Nobody is refinancing their mortgage and purchase loans aren't making up the difference. If mortgage loan origination drops off then I don't see where the loan growth is going to come from. Revolving debt is already very high
I’ve been watching house sales here in Tampa just to see if I can tell when the bubble will begin to pop, housing prices were going higher than I’ve seen in years and it reminds me back to 2008.
People were paying higher than normal prices, even more than the asking price!
But lately in the last couple of weeks, I’ve seen housing building as far as new homes slow down and I’m actually seeing houses drop in price because they are staying on the market longer, and it’s tirning from a sellers market to a buyers market, if they raise interest rates it will definitely take it down, but right now, I am seeing it happen now, the bubble looks like it’s starting to burst.