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The Upcoming 2021 Real Estate Collapse Explained

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HomeMatters
HomeMatters
17 Apr 2021

Here is my analysis on the 2021 Real Estate Market what will happen to housing prices and whether or not it's a good time to buy or invest in a home - Enjoy Add me on Instagram GPStephan LIMITED TIME Get 4 FREE STOCKS ON WEBULL when you deposit 100 Valued up to 1600 a https 3A 2F 2Fact webull com 2Fk 2FVowbik9Tm5he 2Fmain a JOIN THE WEEKLY MENTORSHIP - a https 3A 2F 2Fthe-real-estate-agent-academy teachable com 2Fp 2Fgraham-stephan-mentorship-program 2F a THE NEW PODCAST a https 3A 2F 2Fwww youtube com 2Fchannel 2FUCMSYZVlQmyG8 2MkIKzg0kw a The YouTube Creator Academy Learn EXACTLY how to get your first 1000 subscribers on YouTube rank videos on the front page of searches grow your following and turn that into another income source a https 3A 2F 2Fbit ly 2F2STxofv a 100 OFF WITH CODE 100OFF My ENTIRE Camera and Recording Equipment a https 3A 2F 2Fwww amazon com 2Fshop 2Fgrahamstephan 3FlistId 3D2TNWZ7RP1P1EB a What will happen to the real estate market in 2021 This article from the National Association of Realtors who launched a survey among 20 top US economic and housing experts predicted that housing would see an increase of 8 in 2021 a https 3A 2F 2Fwww nar realtor 2Fnewsroom 2Ftop-economic-and-housing-experts-predict-post-pandemic-rebound-with-continued-job-growth-stable a THE CONTRIBUTORS FOR THIS Right now lack of inventory is a big issue It s recently recorded that the number of homes currently listed for sale on the market is at its lowest level EVER RECORDED going back NEARLY 40 YEARS Second we're seeing incredibly low interest rates Rates have NOW dropped below 2 7 on a standard 30 year fixed rate mortgage which is UNREAL and just for reference last year mortgage rates were about 3 7 which is nearly 40 HIGHER than what we re seeing today That also means - BECAUSE OF THAT - home buying demand has increased and increased and increased to a BRAND NEW RECORD HIGH A survey found that more than HALF of buyers felt like it was a good time to buy because of insanely low mortgage interest rates so it s no surprise that s driving a BIG push for people to lock in a low rate while they still can HOWEVER Not EVERYONE is so optimistic 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 GrahamStephanBusiness gmail com 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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