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Housing Crash Is Coming! US Housing Enters 2021 In A Massive Bubble


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cottondora

Do you think the crash is going to happen? what are your opinions?

 

 

The economist, Michael Strain, mentions that, as of recently, 10% of the 8-million single family mortgages backed by the Federal Housing Administration were delinquent by more than three months….along with “These delinquencies are heavily concentrated among loans associated with low credit scores.”  He then says that this is cause for concern, because the ONLY REASON we’re NOT seeing a “Wave of foreclosures” is because of a provision in the cares act that temporarily freezes foreclosures until 2021. Well, through September of 2018…the rate of seriously diligent loans was about 3.7%…and, at any given point in time, historically, 8-9% of FHA are behind on their payments by 30 days or more…so, YES, FHA loans more than 90 days late ARE more than DOUBLE what they were just 2 years ago…but, given that - most of the time, almost 4% are consistently more than 90 days late..it’s not AS BAD as we expected. The data company Black Knight found that 2.75 million mortgages, or 5.2% of all residential properties with a mortgage, were in active forbearance as of Dec. 8. But, here’s a more broad perspective when it comes to this: There are 138 million total housing units in the United States - this includes single family, condos, multi-family, and apartment buildings…and of those, 40% are completely owned outright with no mortgage. Then - of those properties with a mortgage, which is estimated to be approximately 50 million properties…the mortgage bankers association found that that 5.83% are in a forbearance plan, which they say impacts 2.9 million households. In order for a home to be foreclosed, it needs to be taken over by the bank - and the seller must GENERALLY owe more on the home than what it’s worth, otherwise - the seller would just sell the home on the market to avoid foreclosure. Well, the data company CoreLogic found that only 3% of all mortgaged properties are underwater, which is an ALL TIME LOW. So, if we assume that ALL 3% of those underwater homes go into foreclosure from those 5.83% of loans in forbearance…that means only 0.1749% of mortgaged properties would be foreclosed on…or, 96,000 total homes. So, OVERALL…based on the numbers and evidence presented to us…no, a wave of foreclosures is HIGHLY UNLIKELY of ever happening that would “Crash” the real estate market. For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected] *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

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Last 3 years nunchi ide cheptunnaru....house konadam ayyindhi adhi 100k peragadam kuda ayyindhi

100k ki okka community motham vasthadi

nothing will happen , may be housing prices will stabilize a bit but thats all onething that will correct is the dizzying valuations of companies that grew 10-20x marketcap in 2020 , they will be

Galactus

nothing will happen , may be housing prices will stabilize a bit but thats all

onething that will correct is the dizzying valuations of companies that grew 10-20x marketcap in 2020 , they will be in for a ride

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Galactus
2 minutes ago, tom bhayya said:

Jan lo foreclosure start avuthaayi anukunna but thaatha extended it to March kadha let’s see

If there are more lockdowns it will be extended for sure

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tom bhayya
Just now, Galactus said:

If there are more lockdowns it will be extended for sure

Ya dems freebies batch kadha chesthaaru emo inka

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Satakarni_bali
2 minutes ago, tom bhayya said:

Jan lo foreclosure start avuthaayi anukunna but thaatha extended it to March kadha let’s see

+1

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bayarea

article says below finally but why kolaveri in the title.

So, OVERALL…based on the numbers and evidencepresented to us…no, a wave of foreclosures is HIGHLY UNLIKELY of ever happening that would “Crash” the real estate market.

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