There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, … [Read more...] about Don’t Believe Everything You Read: The Truth Many Headlines Overlook
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 housing crash, about 9.3 million … [Read more...] about Why a Wave of Foreclosures Is Not on the Way
Even 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 … [Read more...] about Understand Your Options To Avoid Foreclosure
With 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 last housing crash, about 9.3 million … [Read more...] about 4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures
Over 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. … [Read more...] about It’s Not Too Late To Apply For Forbearance
There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave … [Read more...] about 4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure
Here's this week's Phoenix real estate snapshot - foreclosure tsunami more wishful thinking than reality: Inventory is stabilizing at about 22 days of inventory - less than 4,000 homes on the market - in Metro Phoenix. Typical inventory is 134 days. Prices continuing to rise quickly with no relief in sight for … [Read more...] about No Foreclosure Tsunami Phoenix Real Estate This Week
If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of available homes for … [Read more...] about Are There Going to Be More Homes to Buy This Year?