As we watch the US Housing Market correct and crash in real time, it is still interesting to note that Mainstream media refuses to acknowledge and ignores the potential massive volume of Foreclosures that are on the way. Why are they ignoring the Foreclosures ? It is anyone's guess, however, based on timing one could assume that even more negative news for the Housing Market will not help them with their narrative and agenda.

Everyday we are noticing more articles and reports from reputed Economists or their Organizations that are openly discussing the Housing Crash, as well as estimating the amount or percentage of price/Home Value declines. All this is happening just ahead of another significant in interest rates and without any mention of any sort of issue with regards to Distressed Properties (Delinquencies, Forbearance, Foreclosures, etc.). Add those on to the slowdown and correction and the Housing Market should move full on into a Crash.

We often forget that there still appears to be many issues going on with the Rental Community. It was surprising to hear that about 8.5 Million people are behind on their monthly rent payments and that almost 4 Million believe they are at high risk to be evicted. Maybe it is not that surprising at all when you factor in months of inflation, increased job loss, etc. etc. The US Economy is taking a beating at the moment and it will have a trickle down effect to everyone, including Renters.

Important Housing Market Intel: As I am constantly talking to Homeowners, Buyers, Investors, Sellers, etc., I am able to get a good pulse as to what is going on in the Housing Market. Much to my surprise, Homeowners that are in the Foreclosure process, or even facing an imminent Foreclosure Auction Sale do not seem to be taking the process, and the potential outcome, very seriously. This seems to be as a result of a number of factors: first, the belief that the Housing Market and prices are going to continue to rise. Second, the fact that the homeowners have received incorrect advice or misinformation regarding the Foreclosure process and their options/solutions (or lack thereof). And finally, many think that there still is some sort of protection provided by the government (moratorium) or that their Bank or Lender will simply cancel the sale for them. It is clear that many people have gotten use to stimulus and other handouts and they expect that those items will continue and bail...

Too Little, Too Late? Bank of America recently launched a Zero Down Mortgage Program That Targets minority neighborhoods. As of right now, there are 5 Metro Markets that will serve as testing ground for this new loan program, called The Community Affordable Loan Solution. The participating Metros are as follows: Detroit, Los Angeles, Charlotte, Miami and Dallas. Critics are saying that this program is predatory/discriminatory and comes with additional risks that really doesn't help those communities. These type of loan programs are typically created as a means to generate loan income when overall lending activity is down.

We have gone from all the mainstream media pushing Home Price Appreciation, to now trying to estimate the amount of Price and Value declines. With all the talk, no one is mentioning or considering the amount of potential Foreclosures and how that volume will affect and change the US Housing Market. This video discusses the 3rd Wave of Foreclosures that will be as a result of all the issues surrounding the first and second Foreclosure Waves, as well as the general correction in price points due to the pressure in the US Housing Market.

We have gone from all the mainstream media pushing Home Price Appreciation, to now trying to estimate the amount of Price and Value declines. With all the talk, no one is mentioning or considering the amount of potential Foreclosures and how that volume will affect and change the US Housing Market. This video discusses the 2nd Wave of Foreclosures that will be as a result of all the issues surrounding the Pandemic, including the Foreclosure Moratorium and Forbearance, etc.

We have gone from all the mainstream media pushing Home Price Appreciation, to now trying to estimate the amount of Price and Value declines. With all the talk, no one is mentioning or considering the amount of potential Foreclosures and how that volume will affect and change the US Housing Market.

Fitch Ratings came out and stated that there is a good possibility of a moderate 10% - 15% Home Price/value Decline during this next Housing Correction or Crash. Robert Shiller concurred along with a number of other economists and Housing Analysts. These predictions are somewhat conservative in nature, and there is a distinct possibility that the decline could be much worse.

Apparently, the people have spoken. Can you believe that 78% of Americans Think the Housing Market Will Crash Soon ? It is interesting to note that the majority of us average people are not fooled when it comes to the Housing Market and Home Prices. Clearly people are concerned with all aspects of the economy, including Housing and many believe that a Housing Crash will give them the opportunity to finally purchase a new home.