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Forbearance Ending: "Supply shock" of homes for sale may happen; here's why15683

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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-TV Podcast
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Quote:
Originally Posted by @denlee
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.


That's a lot more homes that need real estate photographers for photos, video and virtual tours!

Dan
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