U.S. housing demand just cratered to record lows per Redfin.
September numbers:
929K buyers vs 1.51M sellers
580K supply/demand gap
41 of top 50 metros now buyer's markets—Miami, Nashville, Houston leading the bloodbath.
This is what peak liquidity drain looks like. When housing freezes, risk assets get hit next. Watch for forced sellers and distressed flow into crypto as people look for actual liquid markets.
September numbers:
929K buyers vs 1.51M sellers
580K supply/demand gap
41 of top 50 metros now buyer's markets—Miami, Nashville, Houston leading the bloodbath.
This is what peak liquidity drain looks like. When housing freezes, risk assets get hit next. Watch for forced sellers and distressed flow into crypto as people look for actual liquid markets.