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Why the Forbearance Program Changed the Housing Market

Why the Forbearance Program Changed the Housing Market

by Kristin Scanlon | Feb 17, 2023 | Distressed Properties, Foreclosures, Housing Market Updates

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program...
What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

by Kristin Scanlon | May 12, 2022 | Distressed Properties, Foreclosures, Housing Market Updates

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the...
Why a Wave of Foreclosures Is Not on the Way

Why a Wave of Foreclosures Is Not on the Way

by Kristin Scanlon | Nov 4, 2021 | Distressed Properties, Foreclosures, Housing Market Updates

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble...
3 Reasons We’re Definitely Not in a Housing Bubble

3 Reasons We’re Definitely Not in a Housing Bubble

by Kristin Scanlon | Feb 9, 2021 | Buyer & Seller, Distressed Properties, Foreclosures

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three...
Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

by Kristin Scanlon | Jan 13, 2021 | Buyer & Seller, Distressed Properties, Housing Market Updates

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are...
Chances of Another Foreclosure Crisis? “About Zero Percent.”

Chances of Another Foreclosure Crisis? “About Zero Percent.”

by Kristin Scanlon | Nov 18, 2020 | Distressed Properties, Foreclosures, Housing Market Updates, Seller

There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During...
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