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Scary Housing Market Stat Is Already Spiking Toward 2008 Crash Levels

The housing market is showing all the makings of another crash. The Fannie Mae housing sentiment index is at an all-time low. And forbearances are now twice that of Q1 2008 delinquencies. Under extreme stress from the COVID-19 crisis, the U.S. housing market has many of the makings of the 2007-2009 housing crash. But this…