The latest delinquency report from Black Knight shows there are still 1.8 Milliion homeowners delinquent on their mortgages, what does this mean for the housing market? Will all of these delinquencies turn into foreclosures flooding the housing market with inventory causing house prices to decline? Which cities are likely to be affected the most when mortgage forbearance ends? Which cities are performing the best with forbearance and least likely to be impacted?
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What are your thoughts on mortgage forbearance ending? How do you feel like it will impact the overall housing market? Do you think there is a chance the government will extend forbearance again? What are you thoughts on a foreclosure wave or housing market crash? How long do you believe this can go on? Let me know in the comments below.
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Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
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