There Won’t Be a Wave of Foreclosures in the Housing Market

Written by Pompano Beach Mortgage Syndicated User on January 7, 2022. Posted in Distressed Properties, Foreclosures, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage, Pricing.

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here’s a look at why that isn’t the case. 1. There Are Fewer Homeowners in Trouble This Time After the last housing crash, over nine million households lost their homes to a foreclosure, short sale, or because they gave it back to the...

Expert Insights on the 2022 Housing Market

Written by Pompano Beach Mortgage Syndicated User on January 7, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pompano Beach Condo Financing, Pompano Beach Mortgage, Pricing.

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.” Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge...

…