Will The Mortgage Forbearance Crash The Housing Market? When the mortgage forbearance program was implemented, 2.2 million homeowners were accepted into the mortgage forbearance program. As of this month there are still, 2.2 million people in the mortgage forbearance program. This on top of record setting stats in the current housing market, when the mortgage forbearance program expires, will we see the mother of all housing market crashes? In this video we explore the idea of when the mortgage forbearance program expires, will we see the housing market crash.... 0:00 Intro 1:33 The flip of the supply and demand 2:12 Government intervention not a good thing? 3:59 What if everyone looses their home after forbearance? 4:55 Shared thoughts about the housing crash 6:09 Second wave of demand to solve the problem? 8:00 Quality or Quantity of buyer? 9:01 3-5 years ahead in the housing market 13:23 Closing Thoughts Our Entire Shownotes and Sources: 1. Demand is supressed by lack of inventory: https://www.nationalmortgagenews.com/news/millennials-drove-housing-market-demand-to-new-heights-in-2020 2. Inventory is Starting to Climb Upwards again: https://cdn.nar.realtor/sites/default/files/documents/ehs-05-2021-overview-2021-06-22.pdf 3. Sales did go down 3 months consecutively - https://cdn.nar.realtor/sites/default/files/documents/ehs-05-2021-overview-2021-06-22.pdf 4. Active Listings are historically low, it is picking back up past the previous years' rate https://www.realtor.com/research/topics/housing-demand/ Over 72% of Gen Z (18-24) want to buy a house in the next 2-5 years. 5. Listings are starting to jump back up https://www.cnbc.com/2021/07/01/epic-housing-shortage-may-finally-be-starting-to-lift.html 6. Realtor.Com Housing Demand Overview https://www.realtor.com/research/market-outlook/ 7. Housing Supply is going up steadily - but still ow inventory. https://fred.stlouisfed.org/series/MSACSR The months' supply is the ratio of houses for sale to houses sold. This statistic provides an indication of the size of the for-sale inventory in relation to the number of houses currently being sold https://www.cnbc.com/2021/02/09/mortgage-delinquencies-sink-to-pandemic-low.html Mortgage DElinquency Rate - CFPB - 90+ Days https://www.consumerfinance.gov/data-research/mortgage-performance-trends/mortgages-90-or-more-days-delinquent/#mp-line-chart-container 8. 2 Million Homeowner's are still in Mortgage Forbearance: https://www.cnbc.com/2021/06/29/cfpb-beefs-up-protections-for-homeowners-but-will-not-ban-foreclosures-.html 😃 Thanks for Subscribing & Liking our Video! 📧 ⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software: http://reisoftware.thekwakbrothers.com 📊 Pay Off Your Mortgage In 5-7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c 💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME: https://www.facebook.com/groups/bestreigroup 💳 Are you a Business Owner? Start Accepting Credit Card Payments with Lower Fees: http://emap.easypaydirect.com/go/signup/vf8d3N 🔊 Our Podcast: 🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B 🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923 📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com #realestateinvesting #thekwakbrothers #realestate ======================== ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.