334: Is A Housing Crash Imminent?

Will a housing price crash occur when homes can be foreclosed upon again? Sean O’Toole of PropertyRadar.com and I compare 2007’s housing crash with 2021’s health crisis-related recession. “Home prices never go down.” That’s what many people said in 2005! Wrong. Learn the housing differences between the last recession and the current one: lending standards, housing supply, regulatory change, construction labor force, construction supply disruptions, household formation. Sean tells why we will not have a big dump of housing supply on this market anytime soon.   There will still be some delinquent homeowners after the forbearance period ends. The Biden Administration plans to work with borrowers that have federally-backed mortgage companies and provide them with repayment plans. Prediction from Sean: mortgage rates will dip below 2%.  Resources mentioned: PropertyRadar.com Show Notes: www.GetRichEducation.com/334 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold