Part 1/8:
Wall Street's Concerns: The Overvaluation of the US Housing Market
The current sentiment among Wall Street traders regarding the U.S. housing market has shifted dramatically, with many experts suggesting that the market may be as much as 35% overvalued. This prevailing belief indicates that now might not be the best time to purchase a home, as home values could be on the brink of decline. A notable reflection of this sentiment is the plummeting stock price of America's largest landlord, Invitation Homes, which has witnessed a significant drop of 20% in the last four months, now valued at a staggering 35% discount to its net asset value (NAV).