The mortgage-backed securities market just went no-bid for the first time since 2008, leading a well-respected mortgage broker to call the next housing crash.
► Get 7 Free Stocks when you deposit $100 to invest with MooMoo (LIMITED TIME):
Lou Barnes is a mortgage broker for Cherry Creek Mortgage, and he has recently called out how the mortgage-backed securities market went no-bid during a trading day. The marks for him one of the top five most painful moments he’s seen in the mortgage market, with the most recent one being just before the housing crash of 2008 that kickstarted the Great Recession.
In this video I look at Lou’s predictions through a historical lens, going back to the Stagflation of the 1970s and how that affected housing all the way through to the present day. This can hopefully help us answer the question: is the housing market going to crash? After all we have seen record high real estate valuations, with many claiming we are in another housing bubble, similar to the real estate bubble of the early 2000s.
🔎 $40 off Seeking Alpha Premium:
📈 💸You can get free stocks by signing up for these apps:
► Get $15 from SoFi:
► Get up to $70 worth of stock from Public: when you use code “fintek”
► M1 Finance (Get $30 when you deposit $100):
► Robinhood (Get a Free stock when you sign up):
► WeBull (Get 2 free stocks valued up to $3300 when you deposit $5):
🎥 My Video Equipment:
💼 🏆 VIP Investment Group:
I am not a financial or investment advisor. Everything in this video is for entertainment purposes only. Links above include affiliate commission or referrals, and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Another real estate bubble