Rising Mortgage Rates & Rental Market Apocalypse Trigger A Brutal Housing Market Crash!

Fears of a sooner-than-expected housing market crash continue to grow on Wall Street, as investors closely watch the dangerous rise in inflation. Despite having assured the latest inflation spike will be proven temporary, the Federal Reserve is being increasingly pressured to initiate tampering plans as the cost of home and rents spiral out of control. With home prices nearly 24 percent higher than a year ago, and rents surging at almost triple their normal rate in just the first six months of 2021, concerns that housing costs could push inflation even higher are mounting. Given that shelter makes up about one-third of a key inflation measure, that could undermine the Fed’s statements that recent price increases, which have shown up in everything from food to appliances to cars, will slow. The price of a home has skyrocketed over the last year, with some local markets registering a 37 percent increase year-over-year. That has triggered an enormous pent-up demand, as millennials started to reach home-buying a