Real estate expert predicts huge changes in the housing market: 'Things are really breaking down'

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Real estate expert predicts huge changes in the housing market: 'Things are really breaking down'

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America's real estate market could be heading for a significant correction. One veteran strategist, Chris Vermeulen of The Technical Traders, believes that he is witnessing troubling signals in the market, noting how borrowing costs are expected to remain high for an extended period. Vermeulen notes how building numbers for single- and multi-family homes have plateaued following a sharp decline last year, mirroring patterns last seen before the devastating 2008 housing crisis.
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