Are We Headed for Another Foreclosure Crisis? 9 Housing Experts Share Their Predictions

Although the housing market is booming, high unemployment means millions of Americans are struggling to make mortgage payments. More than 2.3 million homeowners remain 90 or more days past due on their mortgages, but not in foreclosure, according to Black Knight, a mortgage analytics company.


© Rangely Garcia / Money

Foreclosure and eviction protections under the CARES Act have provided some relief for homeowners with distressed finances. But once forbearance protections run out, the biggest fear is there will be a repeat of the 2008 financial crisis.

Here are nine predictions from housing industry experts on the likelihood of a foreclosure crisis. (The text has been lightly edited.)


Load Error

Christie Peale

Who she is: CEO of the Center for NYC Neighborhoods

What she expects: We expect a significant increase in foreclosures unless federal and state governments implement serious measures to assist homeowners.

Her reasoning: In March 2021, government-mandated

Read More

Business News | Stock and Share Market News


Read More

Properties For Sale, Hire And Share

Create a FREE account to save searches and observe your favourite homes. Moreover, lenders could require extra money for a down fee on a mortgage for industrial actual estate than for a residence. There are 4 major types of commercial real estate leases, every requiring totally different levels of duty from the owner and the tenant.

Neighborhood interaction: Whereas many individuals join HubPages hoping solely to generate income, much more keep because of the amazing group present on the positioning. As an analyst of the economic system and the actual property market, one should be affected person to see what unfolds and to see if one’s predictions are proper or fallacious.

It could be part of the original sale agreement that the client is liable for paying off any existing debt on the property and not the duty of the vendor. Critics say the evolution of the market for redemption … Read More