Is a Housing Crash Coming?
Money For the Rest of Us
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The Pendemic and the Supply of Homes in the US
Mortgage delinquency rate is down, about two point two % of mortgages are 60 or more days past due. At the height of the pandemic, there were seven point two million home owners participating in ss mortgage forbearance program. Now i it's down to one point seven million that continue to not make their mortgage payment. But here's the thing, even if these home owners that are not able to meet their mortgage payments decide to sell, they have to move somewhere. For every buyer, there's a seller. Rate now, the rental vacancy rate is about six and a half%. It reaches in all time high back in two thousand nine of 11 %.
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