2021 Recession is HERE! Particularly in these 5 CITIES, which could be on the edge of a massive Housing Market Crash. Especially with the Federal Reserve Tapering QE and fiscal stimulus subsiding.

Home prices in America keep up going up. Even as the underlying economy continues to struggle. Many cities across the US are mired in a DEEP RECESSION which record levels of job losses. I believe this means that the US is in big Housing Bubble that could turn into a Housing Crash! Particularly in 5 CITIES.

Two big examples are New York and San Francisco, which according to the BLS, are down 8-9% on their job counts since February 2020. These represent RECORD job losses for New York and San Francisco since the BLS started tracking data in 1990. Despite this, the New York and San Francisco Housing Markets are some of the most expensive in America.

Other markets that have big job losses include Orlando and Las Vegas. Both economies rely heavily on leisure and hospitality, which resulted in big declines in economic activity during the pandemic. Orlando is down 6.9% on jobs while Vegas is down 8.5%. Yet both the Orlando and Las Vegas Housing Markets are up by 20% over the last 12-18 months.

With the expiration of eviction and foreclosure moratoriums, as well as the Federal Reserve Taper, the realities of these job losses could begin to impact local housing markets. Inflationary pressures could also destabilize these local economies even further.

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0:00 2021 Recession is HERE
2:50 Job Growth since Pandemic
6:13 Worst Performing Cities in America
8:25 New York, NY: Big Job Losses
10:00 San Francisco Too!
11:10 LOOK HERE! Map of America
12:15 The Northeast & California is Struggling!
13:29 Los Angeles GETTING WORSE?
14:32 What about FLORIDA?
16:20 Orlando & Miami have Big Losses
18:50 Las Vegas! The City of Sin. SELL NOW?
21:40 Washington DC: Worst Economy Ever?
23:06 Phoenix, AZ: Diversified Economy
25:07 Sacramento, CA: Big Builder in California
26:54 Houston, do we have a Problem?!
29:39 Reno 911! Tesla & Industrial Hub

#HousingCrash #2021Recession #HousingBubble