One HUGE Reason House Prices Have Skyrocketed

Opendoor reported losing $662 million in 2021. The company also told investors on Tuesday that it has $5.7 billion in unsold real estate inventory.https://t.co/YxtVdo8Qql

— HousingWire (@HousingWire) February 25, 2022

Can you guess what year this was? pic.twitter.com/oIWCHnql8W

— John Wake (@JohnWake) February 25, 2022

US Mortgage Applications Fall To The Lowest Level Since December 2019: MBA#USRE https://t.co/LBdVkqkTyc

— Better Dwelling (@BetterDwelling) February 24, 2022

Rents Skyrockethttps://t.co/PAh3AAbKBv

— John Wake (@JohnWake) February 23, 2022

Scottsdale homeowners fed up with short-term rentals during busy tourist seasonhttps://t.co/8ak6iwKWww

— John Wake (@JohnWake) February 23, 2022

Real U.S. House Prices 12% Above 2006 Peak
Real Phoenix house prices match 2006 peakhttps://t.co/9wt6ilO518

— John Wake (@JohnWake) February 22, 2022

Ivy Zelman: "I Think We’re at a Peak"
“I think that there's risk that these investors are being misled.” https://t.co/CI9clR1jMg

— John Wake (@JohnWake) February 19, 2022