Coming Wave Of Distressed Sellers To Tank Home Prices Worse Than The GFC | Melody Wright

Housing analyst Melody Wright warns of a coming wave of distressed sellers that will accelerate a national home price correction potentially worse than the 2008 GFC.

Demographic shifts including a 'Silver Tsunami' and a wave of aging Boomers dying off will force a massive increase in housing supply as heirs sell inherited and rental properties.

A hidden 'shadow market' of off-MLS transactions and investor walk-aways is masking true inventory levels while rents disinflate due to widespread overbuilding.

Lowering interest rates will not solve the fundamental housing affordability crisis, as the market desperately requires a significant increase in supply and a drop in prices.

Despite severe short-term transaction volume drops crippling realtors, Wright remains optimistic that a post-correction normalization will eventually restore true market affordability.