With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen.
1. There are fewer homeowners in trouble this time
2. Most of the 1.86M in forbearance have enough equity to sell their home
3. The current market can absorb any listings coming to the market
4. Those in power will do whatever is necessary to prevent a wave of foreclosures
The likelihood of us having a foreclosure crisis again is about zero percent