New Mortgage Rates Update and Housing Market 2021 Forecast

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12 comments

  1. Luxury or no luxury always be proud of your brand and try working to improve. I love luxurious lifestyles. All thanks to crypto I just got my first house 🏘️ 💝. My advice to y'all invest in cryptocurrency or gold.

  2. Kirkland, WA Housing Prices Crater 23% YOY On Soaring Inventory And Skyrocketing Mortgage Defaults Across Seattle Area

  3. But if they are in forbearance and sitting on the money they would have used to pay their mortgage they are at a “surplus”. A lot of them would just refinance near the end of the forbearance for the lower rate. It’s a win for them as they now have cash on hand and lower payments. A lot of people did not “need” the forbearance but took it because it was being offered. They didn’t have to proove anything.

    What am I missing?

    With this situation in mind:

    1.Shortage in supply remains
    2. people are sitting on even more money,
    3. Prices will remain inflated for the next year or two
    4. a new baseline will be created

  4. This "bubble" is completely different from 2008. Different variables, the FED is heavily involved, and stimulus and government programs are keeping the housing market and economy afloat. We need to stop comparing 2008 bubble to 2021 bubble.

  5. I mostly agree however I believe buyer demand will fade by Fall. My logic: I'm a Boomer and own (5) houses but at 70 I had enough of the business. Much like my generation buying Harley-Davidsons, we did and are not buying another. Lastly, we are on the 6th. year of stellar price increases (12% year over year or better) and we are reaching a point where earnings won't support prices. Something has to give.

  6. They didn’t get richer the dollar is worth less wake up! 🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️

  7. No two bubbles/busts are the same. This one is Fed induced. The pin that initially pops this bubble will be interest rates. There is way too much liquidity in the system. The Fed is going to have to pull that out. Did you see that core inflation is at it's highest rate since 1993?