All Is Not Well in the Housing Market

[Inside Wall Street with Nomi Prins]( On December 13 at 8 p.m. ET, Nomi is coming forward with what could be the most urgent warning of her career… An event happening in Washington could trigger a major housing crisis, similar to what happened in 2008. But if you’re armed with the right strategy, you can turn this crisis into an opportunity. That’s why, on December 13, Nomi will reveal a little-known strategy she learned on Wall Street that could help you turn this housing crisis into big profits. She’ll even give you the name and ticker symbol of an opportunity she believes could be one of the top plays of 2023. [RSVP with one click](. All Is Not Well in the Housing Market By Nomi Prins, Editor, Inside Wall Street with Nomi Prins American Dream = homeownership. Think that’s a bit farfetched? Well, a recent study revealed that nearly three-quarters of Americans place owning a home above career, family, and college as a sign of prosperity. And, for over a decade now, it did seem like owning a place you could call home was a great investment. Not just homes but pretty much any real estate, really. Units were selling in record time and prices kept rising. Earlier this month, however, one company singlehandedly proved all is not well in the housing market. So today, I want to shed some light on this massive development and show you what it means for you. But first, if you haven’t saved your spot for my [Countdown to Housing Crisis 2.0 strategy session… be sure to RSVP with one click right here](. Tonight at 8 p.m. ET, I’ll reveal a little-known strategy I learned on Wall Street that could help you turn the coming housing crisis into big profits. And I’ll even give you the name and ticker of an opportunity I believe could be one of the top plays of 2023 – for free. [Just go here to reserve your spot instantly, and I hope to see you tonight](. Now, back to the massive development I mentioned… Recommended Link [Son of Farmer Turned Millionaire Reveals His #1 Retirement Stock (Free)]( [image]( Instead of getting caught up buying overpriced tech stocks for devastating negative returns... I’ve joined the ranks of the top 1% of wealthy Americans... by [IGNORING 99% of the entire stock market.]( I only trade ONE stock, helping me nail OVER 800 winning trade recommendations! [I’ve used it through the crashes of 2000, 2008, 2020, and 2022 to deliver gains like 373%]( and more – time and time again. I don’t care whether you have $100 in your bank account or $1 million –this single stock has the power to create your dream financial life. I’ll demonstrate HOW to trade it & reveal the ticker symbol and name of the stock, FREE. [>> Simply click here to get all the details. <<]( -- Rushing for the Exits Blackstone, the world's largest alternative investment firm, made headlines this month. The financial behemoth limited withdrawals from its $125 billion Blackstone Real Estate Investment Trust, known as BREIT. Blackstone’s private real estate fund owns everything from apartment buildings and office parks to casinos. The firm said that investors have collectively demanded more than the 2% of net assets that it’s prepared to pay back in a given month. [Featured: Former Goldman Sachs Exec: Everyone on Wall Street is investing, should you?]( To be clear, most investors almost certainly knew BREIT had limits on redemptions. After all, private real estate funds serve wealthy individuals who are willing to give up some of their liquidity rights in hopes of achieving higher returns. But nobody imagined that this would happen so quickly and on such a large scale. In fact, BREIT was hit by a doubling in redemption requests for November. In other words, investors have been rushing for the exits in droves. Worse – as redemption requests doubled – the fund’s subscriptions plummeted to less than $500 million from $880 million in September. Given these circumstances, I’m not surprised a private equity fund is locking its investors in… It’s trying to prevent a bank run. Recommended Link [Want to get ahead financially in 2023?]( [image]( Larry Benedict is an incredibly successful yet relatively unknown trader. For the first time, he is coming forward to share a brand-new forecast to make all the money you need in any market, using a single stock. [Click here to watch the video that could jump start your investing in the New Year.]( -- Housing Crisis Is Looming Large Blackstone’s property wobble is a big story… and it lays bare the unavoidable woes facing the housing market today. But it’s only one part of the story. For one, publicly traded REITs as a group were hit even before the Blackstone story broke. The $35 billion Vanguard Real Estate ETF (exchange-traded fund), for example, is down 26% year to date. Second, the signs of a looming housing crisis have been bubbling for months everywhere. Rising mortgage rates. Faltering home sales. Soaring rents. The skyrocketing number of late-rent tenants. The numbers are scary… Last month, for instance, almost 41% of U.S. small businesses failed to pay rent. That’s more than one-third of businesses not being able to pay rent. Just let that sink in. Roughly 42% of construction company owners were not able to pay their rent, while 37% of real estate agents couldn’t pay their rent. As many as 57% of beauty salons and barber shops could not pay rent, too. That’s a striking 18% points increase over their 39% delinquency rate in October. Out of all the states, New York fared the worst. Nearly half (49%) of all small business owners there could not afford to pay their rent on time and in full in November. And it’s not just the commercial property segment. Residential real estate has been cracking under the pressure, too. For instance, a recent report from real estate brokerage Redfin indicates that investor home purchases plummeted 30% year over year nationwide last quarter. That's the largest decline since the Great Recession… Aside from the first quarter of 2020, when investor activity cratered at the start of the pandemic. Meanwhile, overall home purchases nationwide saw a 27% drop last quarter according to the report. All this tells me that we’re now barreling toward a situation similar to the [housing crisis we saw in 2008](. [Featured: One Stock Doubles Your Money, During Crisis?]( It’s the Fed’s Fault I know it’s almost a cliché at this point to blame the Fed. But all cliches begin with truth. Remember, the Fed initially ignored rising inflation… saying it would pass once the effects of the Covid shutdowns were fully out of the system. It wasn’t banking on a war, an energy crisis, and ongoing lockdowns in China. Or inflation hitting 9.1%, the highest since the end of 1981. When it finally took action against inflation in March 2022, it was too late. So, the Fed did what any rational, omnipotent organization would do… It went into overdrive. On July 27, the Fed raised rates by 0.75% for the first time this year. It was the biggest rate hike in almost three decades. We’ve had three more consecutive 0.75% hikes since then, bringing the Fed rate to 3.75-4%… And hiking the cost of everything from credit card debt to corporate financing… and, of course, mortgages. Just look at how mortgage rates spiked this year. [Chart] See the 7%-level peak in the top right corner? That’s the reason why home sales crashed by 27% in November compared to 2021. Recommended Link [Stock market predictions for 2023]( [image]( No one is expecting what she’s predicting, but she has a long track record of making accurate calls: the 2008 crisis… the 2020 market crash… and inflation back in 2021 before what we’re seeing now. Today, you can get in on her cutting-edge financial research before ringing in 2023. [Get it here now.]( -- What Does This Mean for Your Money? In short, the housing market is getting hit by a combination of higher rates, higher rents, and lower property valuations. Some economists are already warning that we could be on the verge of a housing meltdown. And as Bloomberg put it… The wave of [bankruptcies] that’s coming could be the worst since the housing bubble burst about 15 years ago. This time, I want you to be prepared. Because if you’re armed with the right strategy, it’s possible to turn this crisis into big profits. And I’m taking what I learned during my 15 years on Wall Street to give you the chance to do just that. I’ll give you the details tonight at my Countdown to Housing Crisis 2.0 strategy session. I’ll show you how a legendary investor is already betting $200 million against the housing market… I’ll reveal the looming Washington event happening this week that could send this house of cards collapsing… And I’ll tell you about a strategy that Wall Street loves… that can give you the chance to “flip” losers into big winners. I’ll even give away a free recommendation that I believe could be one of the No.1 plays for 2023. [So be sure to join me tonight at 8 p.m. ET. Just RSVP with one click right here…]( I look forward to seeing you there. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. I just issued an urgent sell alert on three companies that have a ton of exposure to the housing market. And I put all the details in a special report called The Terrible Three: Sell These 3 Toxic Stocks Now. All you have to do is sign up for my VIP text alert service, and I’ll send you my special bonus report – for free. When you sign up, you’ll also get reminder alerts to make sure you don’t miss this important strategy session. [Just follow this link to RSVP instantly to my strategy session, and learn how you can get on my VIP list](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG Nomi recently wrote a two-part series on why gold will be a bright spot for investors in 2023… (catch up [here]( and[here](. And now readers are sharing their strong opinions on gold holdings… Disclaimer: I’m a proud Canadian, but I have a strong opinion of U.S. gold holdings. It is my opinion that the cache of gold held by the U.S. is mostly gone. That is the reason that “Tricky Dicky” closed your gold window in 1971. We all know that he was lying about foreigners robbing your stockpile. As you know, foreign countries (France in particular) were demanding gold in exchange for fiat currency, which was their legal right to do. As I recall; the last audit of Fort Knox was ordered by President Eisenhower when he took office. I believe that it showed a small shortfall then, which was attributed to accounting or miscounting. A further opinion is that China’s gold supply is the largest in the world now. They understate their acquisitions and don’t disclose their holdings. I read somewhere that their central bank digital currency (CBDC) is linked to their yuan. I think the Chinese will ultimately link it directly to gold and make their CBDC the “world reserve currency.” – E.B. B. Inside Wall Street also posed two recent mailbag questions: Dustin says a central bank digital currency could be dangerously controlling in the future; do you agree? Do you agree with Jon that politicians are just salesmen? And readers are weighing in with their thoughts… All of these people who whine about politicians not keeping their promises don't realize that 90% of the time that's a good thing. These people are never specific either. People are the real politicians anyway so they have nothing to complain about… but they expect politicians to make things better! – John F. I am concerned about the CBDC. It seems they want to control all avenues. The current wave of crypto fear may seriously slow down the use of Bitcoin and give the central bank more time for its digital currency. – Richard S. And lastly, a reader asked in a [recent mailbag edition]( for Nomi to recommend some of her books with content on how the Fed operates… Reader Hugh comments that he just finished one of Nomi’s books. Nomi. I just finished All the Presidents' Bankers. What a wonderful expose. Thank you. – Hugh M. How will you prepare for what Nomi is calling the coming housing meltdown? How do you expect this crash will be different from the one in 2008? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: All Is Not Well in the Housing Market). IN CASE YOU MISSED IT… [It’s more than inflation… it’s “ROT-FLATION”]( What we’re experiencing now is more than inflation… This is ROT-FLATION… [And in this video]( one of America’s top investors reveals the precise details on how quickly this phenomenon is destroying your wealth (and how to protect yourself) … Just make sure you haven’t eaten recently… Or your food might be coming back up… [>> Click here if you’re ready…]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Ultimate Guide to Taking Back Your Privacy]( [The 101 Guide to Pre-IPO Investing]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. 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