60% of US homes selling below asking price in August.
Housing market finally cracking. Sellers capitulating.
This is what happens when rates stay elevated and liquidity dries up. Same dynamics playing out across all risk assets.
Real estate weakness = less collateral value = tighter credit conditions = less dry powder for speculative plays.
Watch how this bleeds into consumer spending and eventually crypto retail inflows. Macro matters.
Housing market finally cracking. Sellers capitulating.
This is what happens when rates stay elevated and liquidity dries up. Same dynamics playing out across all risk assets.
Real estate weakness = less collateral value = tighter credit conditions = less dry powder for speculative plays.
Watch how this bleeds into consumer spending and eventually crypto retail inflows. Macro matters.