Close Menu
Real Estate Smart ChoiceReal Estate Smart Choice
  • News
  • Investing
    • Buying
    • Selling
  • Financing
    • Mortgage Calculator
  • Guides
  • Homeowners
    • Home Improvement
    • Property Management

LATEST

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change
May 8, 20253 Mins Read
Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out
May 8, 20255 Mins Read
Bird Dog Bot
Facebook X (Twitter) Pinterest LinkedIn
Real Estate Smart ChoiceReal Estate Smart Choice
  • News
  • Investing
    • Buying
    • Selling
  • Financing
    • Mortgage Calculator
  • Guides
  • Homeowners
    • Home Improvement
    • Property Management
Real Estate Smart ChoiceReal Estate Smart Choice
Home » Real Estate » Financing » Grant Cardone Thinks Real Estate Is Due For The Correction Of A Lifetime
Financing News Real Estate

Grant Cardone Thinks Real Estate Is Due For The Correction Of A Lifetime

February 7, 20243 Mins Read
Grant Cardone thinks real estate is due for the correction of a lifetime
Facebook Twitter LinkedIn Pinterest Email Copy Link



The owner of the real estate investment firm Cardone Capital said in a recent television interview he predicts a massive price correction in the months ahead.

The verdict is in — the old way of doing business is over. Join us at Inman Connect New York Jan. 23-25, when together we’ll conquer today’s market challenges and prepare for tomorrow’s opportunities. Defy the market and bet big on your future.

One famous real estate investor thinks real estate is entering the “greatest” correction he’s ever seen.

Grant Cardone, owner of the real estate investment firm Cardone Capital, said in a recent television interview he predicts a massive price correction that will make it easier for everyday people to purchase homes instead of just large financial institutions.

“I just want to say that we’re entering the greatest real estate correction in my lifetime,” Cardone told Fox & Friends on Thursday. “It’s going to be a great opportunity for individuals, regular, everyday people, to actually grab trophy real estate from institutions. This has never happened in the country.”

“It’s going to be at epic levels,” he added.

Cardone blamed the Federal Reserve for “single-handedly” killing the housing market with its interest rate hike campaign.

“He [Fed Chairman Jerome Powell] has not controlled inflation. He has failed miserably. What he has actually done is created and, in the meantime, stopped the housing industry,” Cardone said. “It’s unaffordable for people to own a home today.”

The current market has proven inhospitable for new buyers, with high interest rates disincentivizing homeowners from listing their homes for sale, leading to extremely low inventory and expensive loans for the few houses that are available.

Mortgage rates have begun to trend downwards in recent weeks though, falling below 7 percent this week. They are poised to drop even further, with the Federal Reserve signaling three short-term rate cuts by the end of 2024. 

Cardone predicted that once interest rates begin to come down significantly, housing prices will follow. He urged Powell to “step aside” and let the market correct itself.

“Interest rates will have to come down in order for pricing to come down. This is actually a contradiction to what most people think. But when interest rates come down, mortgage applications will go up and people will start selling their homes,” Cardone said.

Cardone, who is currently facing a class action lawsuit from investors who claimed he misled his social media followers about their future returns in real estate while downplaying the risks, also predicted in the interview that the long-term effects of the Fed’s rate hikes will turn the United States into a “nation of renters.”

“The Fed will make more renters in this country in the next two years than it has in the last 50 because mortgage applications are at all-time lows,” Cardone said.

Email Ben Verde





Source link

Share. Facebook Twitter Pinterest LinkedIn Email Copy Link
Previous ArticleWith Two Weeks Left in 2023, Now’s the Time To Get Your Taxes in Order
Next Article Top 11 Reasons Homeowners Should Sell During The Holidays

Related Articles

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read
Read More

Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out

May 8, 20255 Mins Read
Read More

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

May 8, 20252 Mins Read
Read More
LATEST

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read

Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out

May 8, 20255 Mins Read

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

May 8, 20252 Mins Read

Multifamily Rents Rise As Economy Begins To Slow

May 8, 20252 Mins Read
POPULAR
News Real Estate

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read

(Bloomberg) — A potential regulatory shift in favor of the ETF industry is expected to shake up the business models of Wall Street brokers, with billions of dollars in revenue at stake.Wirehouses…

Read More

Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out

May 8, 20255 Mins Read

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

May 8, 20252 Mins Read

Multifamily Rents Rise As Economy Begins To Slow

May 8, 20252 Mins Read
About Us

We are your premier destination for real estate news, investment insights, and invaluable industry information. Our commitment is to provide you with accurate, timely, and comprehensive content that empowers you to make informed decisions in today's ever-evolving real estate landscape. Trust us to be your guide in navigating the intricacies of real estate investment and beyond!

Home Designs AI

LATEST

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read

Multifamily Rents Rise As Economy Begins To Slow

May 8, 20252 Mins Read
Real Estate Smart Choice
Facebook X (Twitter) LinkedIn Pinterest
  • Home
  • News
  • Investing
  • Financing
  • Guides
  • Mortgage Calculator
  • Contact Us
© 2025 by Real Estate Smart Choice

Type above and press Enter to search. Press Esc to cancel.