Graham Stephan predicts that the natural churn in the market, including sales, moves, divorces, and refinances, will result in more existing mortgage holders having rates above 6%, leading to increased distress, short sales, and foreclosures.

Graham Stephan states that home sellers are now outnumbering home buyers by more than 600,000.

Graham Stephan believes foreclosures are a healthy part of a well-functioning US housing market.

Graham Stephan reports that 47 out of the top 50 cities are getting weaker in the housing market.

Graham Stephan states that a 25 basis point increase in mortgage rates would price an additional 1.4 million potential buyers out of the market immediately.

Graham Stephan notes that searches for 'can't sell a house' and 'help with mortgage' just hit an all-time record high.