I stumbled across this video today. Don’t know the guy at all so he may be just a salesman with no real insight, but I think his logic on what the housing market is going to do sounds plausible.
10% of mortgages in forebearance right now.
20% of jobs lost never coming back.
And I guess I wasn’t paying attention, but the CARES act gives 6 months of forebearance with an option for another 6 months after that.
Given that COVID is growing again right now, it is not at all clear things will get back to “normal” soon.
