With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble this time After the last ...
Continue ReadingEven though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comfort to those individuals who are ...
Continue ReadingOn today’s Real Estate Deep Dive we will be taking an updated look at the forbearance program and if it is likely to cause a foreclosure crisis and housing market crash. Many people are hearing that there is a September 30th, 2021 deadline for the COVID-19 forbearance program. So we ...
Continue ReadingWith forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the ...
Continue ReadingJoin us as we take a look at what is forecasted for the residential real estate market for the 2nd half of 2021. (Topics covered: Interest rate, home price appreciation, home inventory, new builds, forbearance, and foreclosures) ...
Continue ReadingOver the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time ...
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