Forbearance Ending: "Supply shock" of homes for sale may happen; here's why15683
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 WGAN ForumFounder & WGAN-TV Podcast Host Atlanta, Georgia |
DanSmigrod private msg quote post Address this user | |
| Yahoo! Finance (28 September 2021) A supply shock is about to hit the housing market—the question is how big? "At first glance, 1.5 million homes might not sound like a lot—considering we're a nation of 80 million homeowners. However, at the most recent count, there are only 1.3 million homes for sale, according to the National Association of Realtors. So if even a fraction of those homes currently in forbearance opt to list, it'd create something of a supply shock in the market," reports Yahoo! Finance. Source: Yahoo! Finance |
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denlee private msg quote post Address this user | |
| Per USA Today and Fortune, the number that the banks are reporting is more like 2.2 million, but assuming that the banks are deliberately under-reporting by at least 50% as they did in 2008-2009, the real number is probably closer to 5 million. | ||
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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Quote:Originally Posted by @denlee That's a lot more homes that need real estate photographers for photos, video and virtual tours! Dan |
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