Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Economist issues stark warning about future of US property market
    Property

    Economist issues stark warning about future of US property market

    July 7, 20243 Mins Read




    America’s property market is headed for a catastrophic crash, according to one financial expert who’s sounding the alarm on an impending real estate apocalypse.

    Chris Vermeulen, founder of The Technical Traders, has issued a stark warning about the future of the United States property market.

    Vermeulen believes both residential and commercial properties are on the verge of a steep price drop that could see values sink by a whopping 30 percent in just three years.

    ‘People are going to have to start to sell their homes,’ Vermeulen told Business Insider this week. ‘What we’re starting to see is people starting to realize they can’t afford their mortgages, or they need to downgrade. 

    America’s property market is headed for a catastrophic crash, according to one financial expert who’s sounding the alarm on an impending real estate apocalypse

    ‘A lot of people are struggling financially, and this is really the tip of the iceberg. Give it another two or three years — that’s when the real-estate market gets hit the most.’

    The warning comes as Americans are already showing signs of financial strain.

    Retail sales have been unexpectedly weak for the past two months, for example, rising just 0.1 percent in May.

    Vermeulen said this could trigger a domino effect of corporate profit losses, leading to more layoffs and reduced hours for workers.

    ‘People are starting to get laid off as unemployment rises. People have burned through their savings, and inflation is crazy higher,’ he said. ‘Eventually, people aren’t going to be able to pay their mortgages.’ 

    Click here to resize this module

    Job cuts have already skyrocketed 136 percent in January, according to consultancy Challenger, Gray & Christmas.

    The expert predicts unemployment could Soar to a shocking 5 percent to 6 percent, leaving many Americans unable to keep up with their mortgage payments.

    But it’s not just homeowners who should be worried. 

    The commercial real estate sector is facing a staggering $900 billion debt crisis with foreclosures already up 117 percent in March.

    Vermeulen also sees property prices nosediving by about 30 percent across both residential and commercial markets.

    He warns it could take a decade for a recovery. 

    Chris Vermeulen has issued a stark warning about the future of the US property market. He believes both residential and commercial properties are on the verge of a steep price correction that could see values drop by a whopping 30 percent in just three years

    ‘The price of real estate has doubled or tripled in the last couple of years. It’s pretty wild. And usually, when an asset goes up that much that quickly, it usually comes back and pulls and corrects,’ said Vermeulen. 

    ‘It’s going to be an incredible opportunity for people who can identify the bottom.’ 

    Vermeulen’s forecast stands out as one of the bleakest among recent real estate commentators, however, not everyone shares this negative vision. 

    The National Association of Realtors has maintained that low housing inventory could keep prices stable in the coming years.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWhy You Should Invest in Commodities
    Next Article Midyear outlook: Commodities | Insights

    Related Posts

    Property

    Victorian property in Woodbridge for sale at £1.6 million

    July 1, 2025
    Property

    Numa Group acquires first regional UK property

    July 1, 2025
    Property

    Transcript : Peach Property Group AG – Shareholder/Analyst Call

    July 1, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    What’s Happening? Ethereum (ETH) Unable to Break This Resistance

    August 26, 2024
    Stock Market

    Asia report: Most markets rise despite China disappointment

    October 14, 2024
    Bitcoin

    Le rallye post-halving du Bitcoin et les perspectives pour 2025

    March 16, 2025
    What's Hot

    Wing Lee Property Investments prévoit une perte nette de 233 à 235 millions de dollars HK pour 2024 -Le 06 mars 2025 à 14:03

    March 6, 2025

    China’s Economy Faces Headwinds in Real Estate As Retail Rebounds

    August 15, 2024

    Stock market today: S&P 500, Nasdaq have records back in sight as stocks gain amid US-China trade talks – Yahoo Finance

    June 10, 2025
    Most Popular

    Hong Kong’s CK Infrastructure gets approval for secondary listing in London

    August 15, 2024

    FREE TO READ | The changing landscape of property investment

    April 10, 2025

    Satoshi Nakamoto Could Soon Be Surpassed By BlackRock, Grayscale As Top Bitcoin Holder – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

    October 30, 2024
    Editor's Picks

    Bitcoin pour atteindre 130 000 $ à cette date, selon l’analyste

    May 17, 2025

    New Age | UK minister Tulip facing question over living in £2m house

    August 11, 2024

    China Shores Up Property Sector, Signals More Spending Is Coming

    October 12, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.