Many people have asked and wondered if there will be a housing crash in the near future, but considering the pandemic, the mortgage loan applications for purchase are up 18% nationwide and simply put, the supply and demand is still there. Kevin and Travis believe that if there is any influx in the market, it would be because of forbearance. In the beginning, most did not know much about forbearance, but recently we have learned that you can extend up to twelve months. While we are not sure what will happen after the twelve months, it could create some defaults in April or May of 2021, creating some foreclosures.
If you are coming across good deals, but are not sure if you should move forward, give us a call, and we would be happy to run the numbers for you or answer any questions that you have. We are here for your real estate investing needs and you can reach out to us at pinefinancialgroup.com.