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In this video, we will talk about why the housing market is poised for a crash in 2024. With a staggering 44% surge in house prices over the last three years, an 8% mortgage rate, and record-low housing supply, we explore the signs pointing to a potential downturn. The Federal Reserve’s decision to hike interest rates to a 22-year high adds pressure, squeezing the credit market and making home affordability a challenge. We delve into the ripple effects, from foreclosures and bankruptcies to the critical role of mortgage-backed securities, drawing parallels with the 2008 financial crisis. Discover the potential impact on the broader economy and why precious metals, offered by Birch Gold, emerge as a resilient shelter in times of financial storms.
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