JP Morgan Predicts A Housing Market Crash

When Wall Street finally sees a bust coming, it's already here

Here’s a quick video explaining how soaring interest rates always and everywhere break the housing market. To summarize: A tsunami of homes for sale is about to swamp the tiny number of buyers who can afford 7% mortgages, leading to a precipitous drop in home prices. And of course mass bankruptcies in related industries.

If you’re short the homebuilder s…