Why Higher Equity Will Prevent a Lot of Foreclosures This Time Around
Channel: Noel Christopher
Date: 2020-12-31

I'm always keeping a close watch on housing news and what is happening with foreclosures. Especially these days there are a lot of narratives being pushed about the demise of the housing market.

Odeta Kushi with First American wrote a great article on this subject.

We are seeing some MSA's with a perfect storm, urban, service industry concentrated which are seeing an increase in foreclosures.

There is a major component missing from these borrowers... low equity.

That is what makes things different this time. We are seeing the highest equity in three decades, this is keeping and will keep foreclosures down.

So all of you that are pushing this narrative, or believing this narrative, you need to look deeper.

What do you think? Are we headed into a tsunami of foreclosures? If so, what about equity and the major housing shortage we are experiencing?

Subscribe to the channel:
https://www.youtube.com/user/noelc1

Find More From Me Here:

LinkedIn: https://www.linkedin.com/in/NoelChristopher/
Website: https://www.renterswarehouse.com

#NoelChristopher #RWMarketSnapshot #singlefamilyrental #rentestate #housingnews #housingmarket