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Forbearance Ending: "Supply shock" of homes for sale may happen; here's why15683

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Yahoo! Finance (28 September 2021) A supply shock is about to hit the housing market—the question is how big?

"At first glance, 1.5 million homes might not sound like a lot—considering we're a nation of 80 million homeowners. However, at the most recent count, there are only 1.3 million homes for sale, according to the National Association of Realtors. So if even a fraction of those homes currently in forbearance opt to list, it'd create something of a supply shock in the market," reports Yahoo! Finance.

Source: Yahoo! Finance
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WGAN Forum
Founder and
Advisor
Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Quote:
Originally Posted by @denlee
Per USA Today and Fortune, the number that the banks are reporting is more like 2.2 million, but assuming that the banks are deliberately under-reporting by at least 50% as they did in 2008-2009, the real number is probably closer to 5 million.


That's a lot more homes that need real estate photographers for photos, video and virtual tours!

Dan
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