Is There a Wholesale Housing Market Crash?

A lot of the same goroos who are predictingo no wholesale housing market crash were the ones that a year and a half ago, were predicting a tidal wave of foreclosure activity. The rational behind why that was supposed to happen was as faulty as i believe the housing market crash rationals are to day. If you wait six, nine months to buy something, you're probably going to be paying more for it than if you bought t ay.

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Will housing prices drop in 2022? There may seem like an obvious answer to this question, “of course with interest rates rising housing prices will drop.” But, that’s not exactly what the data shows, especially when you take into account that 2022 is not a normal housing market by any means. We had high demand, which is starting to cool, but housing prices are still far from affordable. And with so many homeowners enjoying huge equity boosts, is there even a possibility that foreclosures could fill the supply gap?

Instead of postulating about what will or won’t happen, we brought on an industry expert who can give a data-first decision on which way the housing market will move. Rick Sharga, EVP of Market Intelligence at ATTOM, knows the data. He spends the majority of his waking hours scanning through copious amounts of housing market information so he can give investors and real estate professionals a true, unbiased opinion on what will happen next.

Rick goes deep into demand, what’s causing it and whether or not it has been suppressed thanks to interest rate hikes. We also touch on the foreclosure “crisis” that never happened, how forbearance programs worked, and why we’re starting to (finally) see an uptick of foreclosures, many of which could make great investment properties. Lastly, you’ll hear why waiting out the housing market could be a move many investors shouldn’t make.

In This Episode We Cover

Why interest rate hikes are affecting the housing market faster than we thought

The possibility of a housing market crash and what it means for investors

Forbearance and foreclosures explained and what makes this market different from 2008

“Emotional equity” and how it could keep home prices high for years to come

Buying rental properties at auction and what to know before you make a bid

Why waiting for lower homes prices could cost you tens of thousands more

And So Much More!

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