The oil price collapse, the high cost of housing and the global financial crisis have all contributed to the current global financial and economic crisis, and they are all contributing to a new housing bubble.
The real estate industry, which is in the midst of a major downturn, is in a perfect storm of conditions, according to Mark Shoup, president of the real estate consulting firm Shoup Invest Group.
It’s going to be a very challenging period for the industry and the economy in general.
Shoup told CNNMoney’s Andrew Puzder in an exclusive interview.
The housing bubble is inextricably linked to the oil price crash.
And it’s the housing market in particular that is the key driver of this crisis, he said.
The price of oil has gone down, which makes it easier for people to invest in the housing stock.
The supply of supply has been very low.
The demand for housing has been low, and it’s very hard for people in a recession to buy.
So the fact that oil prices have fallen is what’s going on, Shoup said.
Shortson also pointed to other factors, such as the rise in interest rates.
Shorteronspan is currently at an interest rate of about 5 percent.
So, a lot of the new housing comes from this new credit expansion that has been built up in the last two years, he added.
Shown here is the average price of a home in Washington, D.C., on Tuesday, May 6, 2021.
(Bloomberg/Getty Images) The housing market has been on a tear since 2007, when the housing boom burst, but the surge in home prices has slowed considerably in the past few years.
Showers prices have been flat for the past three years, and Shoup says that could be one reason for the recent decline.
It may be that the housing bust has slowed, he noted.
Shunterspan says that there is an upside in the short term, though, for the housing industry.
“I think there is a lot that’s good about this economy and a lot going on in the real economy.
But if you look at the real world, it’s really not that much of a problem,” he added, pointing out that the U.S. economy has rebounded strongly in recent years. “
The downside of this is that there’s a lot riding on the housing crash.
But if you look at the real world, it’s really not that much of a problem,” he added, pointing out that the U.S. economy has rebounded strongly in recent years.
For now, however, Shunter has a message for investors: The housing industry has done a great job of protecting itself.
“When it comes to protecting itself, we’re not going to bail them out.
The fact is that if you’re not doing your homework, you might end up buying a home that doesn’t really matter,” he said, noting that there are plenty of buyers out there.
Shaun Shoup also points to the fact the housing sector has grown faster than the broader economy.
In fact, according the Federal Reserve, the number of Americans with homes has risen from 5.6 million in 1980 to 8.6 percent in 2016.
That’s a net gain of nearly 5 million Americans since the beginning of the Great Recession.
Shouterspan said that is why he thinks the housing recovery will last, and that investors should be ready for the long-term.
“Investors should be able to anticipate what they’re going to need in the next two years,” he advised.
“They should have an idea of what their long-run spending will be, and where their investments will go.”