Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022.
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Interesting reading…I have heard and read just the opposite. More homeowners are coming out of forbearance and most properties, at least on the west coast have equity. My lenders do not seem worried about a glut of foreclosures coming on the market in 2022, unless of course the whole housing industry goes down the tubes.
This seems to be much ago about nothing. With record levels of equity across the nation I can’t fathom that there will be a tidal wave of foreclosures when sellers have the option of selling their homes if they cannot afford to stay. This is not anything like what we went through back during the recession in 2007-2009.