National Data

The Foreclosure Moratorium is Ending. Bad News for the Housing Market?

By Mike Simonsen on July, 21 2021

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Mike Simonsen

A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country.

Our video about foreclosures has gotten over 15,000 views already - everyone is watching the market closely for what will happen.

In case you missed it, in the video I talk about the big news that we’re now in the final weeks of the foreclosure moratorium, and what that means for the real estate market. There are still a couple million homes in the mortgage forbearance program - what will happen to these homes when owners need to start paying their mortgage again? Will we see a wave of foreclosures?

If you've been following our market data videos every week, you know what signals I'm watching to assess the health of the real estate market. All signs point to a continued seller's market for some time to come, with strong demand and low inventory keeping prices high and reducing the number of foreclosures we'd normally expect to see.

Watch the video for more insights... and make sure to subscribe to our YouTube channel to get updates on the market every week.

 

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