The Real Estate Collapse Nobody is Talking About

In Phoenix, a buyer walked away from a brand new home last week, not because of the

price, not because of the mortgage rate. The deal just died. In Florida,

a couple sold their beachfront condo at a 90,000 dollar loss just to get out.

In New Orleans, a real estate agent quit the business after 17 years. She said watching

deals collapse left and right over insurance was too exhausting. This isn't one neighborhood. This isn't one city.

This is happening everywhere. But here's what nobody's talking about.

The smartest investors left six months ago, not publicly, not loudly.

They just stopped buying in certain ZIP codes. In Pacific Palisades, State Farm dropped