Home prices could become affordable without any of us noticing. In fact, home prices don’t even have to fall for the housing market to enter into a mild correction. With affordability hitting lows that we haven’t seen since the seventies and eighties, what could save today’s home buyers from paying for one of the most expensive mortgage payments of all time? Something must be done. And thankfully, it might already be happening.
If you want to know the truth behind silent housing corrections, market-abandoning buyers, and where we could be headed, you better ask Andy Walden from Black Knight. We brought Andy on the show to talk about everything from mortgage rates to unaffordability, delinquencies, foreclosure fears, and what can be done to help our home buyers. Andy spends all day, every day, playing with some of the most vital proprietary property data sets imaginable, and he has an answer to almost every question.
In this episode, Andy speaks on the housing market correction that could happen without home prices falling, why more home buyers are leaving the market, how mortgage rates could fall without the Fed’s input, and what could cause delinquencies to finally rise.
In This Episode We Cover
The silent housing correction and what could cause affordability to rise
Mortgage rate lock activity and why we’re hitting all-time lows for home buying
Bond yields, mortgage spreads, and how rates could fall without the Fed intervening
The housing inventory crisis that’s causing home prices to stagnate
Delinquency forecasts and two big events that would put homeowners in a tight spot
And So Much More!
Links from the Show
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On The Market
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What Is a Housing Market Correction and How Does It Really Impact You?
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-115
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