The housing market has been booming in the last few years, but there’s a lot you don’t know about it. I’m going to show you how the eviction moratorium being overturned will hurt renters and landlords alike.
In this episode, we’ll take a deep dive into the effects of the eviction moratorium and how it will negatively impact renters and landlords for years to come.
If you’re a renter or landlord this podcast might be of interest to you. The Supreme Court just recently overturned the CDC Eviction Moratorium, which has, in turn, will cause more issues for the housing market in the coming months and years. While it sounds like a good idea on paper, there are some unintended consequences that we need to explore together before making decisions about what’s best for us as individuals and as a society.
The Housing Market: Are We Going to Experience Another Bubble?
The housing market is a delicate balance of supply and demand. By overturning the eviction moratorium, the housing market could see between 2 million and 4 million families being evicted. The federal government had set aside over $50 Billion in rent assistance. The problem is simply this, the monies cannot get distributed and now renters and landlords alike will be affected.
Is there a way we can change course by addressing the impending housing bubble? There are really ONLY two ways to correct this housing market bubble, and it will take all of us working together!
Why the overturned eviction moratorium may be too little, too late for both renters, landlords
While eviction filings are expected to ramp up, it is unclear how quickly already backlogged courts can process new filings, or how effective the remaining patchwork of state and local protections will be in keeping renters in place until they secure rent relief.
Share of Mortgage Loans in Forbearance Remains Unchanged at 3.25 Percent
The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance remained unchanged relative to the prior week at 3.25% as of August 22, 2021. According to MBA’s estimate, 1.6 million homeowners are in forbearance plans.
A tsunami of deferred debt is about to hit homeowners no longer protected by a foreclosure moratorium
Goldman Sachs: 750K households face eviction this year