Thank you to Wealthfront for sponsoring this video! Open up a Wealthfront investment account today through my linkand get your first $10,000 managed for free https://www.wealthfront.com/graham – Enjoy! Add me on Instagram: GPStephan
GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & SEE MY STOCK TRADES – USE CODE GRAHAM: http://www.public.com/graham
NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com
DOWNLOAD MY NEW FINANCIAL APP: https://hungrybull.page.link/graham
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF – $100 OFF WITH CODE 100OFF
THE END OF MORTGAGE FORBEARANCE:
Even though over 4.2 million homeowners originally paused their mortgage payments…as of now, 18 months later….1 million of those remain, with a small portion of them STILL eligible for a final 6-month extension if they chose.
In terms of foreclosures – they found that 23% of those borrowers either sold their home or refinanced their mortgages to make them more affordable, 7% are in active loss mitigation with their lender, 3% are delinquent after their forbearance expired…and 38,000 are in active foreclosure, even WITH the real estate market surging to all time highs.
They theorize that this is partly due to an overly competitive and expensive real estate market that leaves homeowners with nowhere to go in the event they need to sell.
But, in terms of what you can do about this, and whether or not the market can actually crash this year…here’s what we know, FOR SURE:
One, the vast majority of tenants are still paying their rent.
The National Multifamily Housing Council found the 93-95% of tenants are paying their rent in full by the end of the month, and this is only 1-2% LESS than prior to the pandemic. That leads me to believe that, most likely, rents will continue trending higher throughout the next year.
Two, building materials are back up thanks to worsening supply chain shortages.
Apparently, so many people started buying the dip that the demand pushed prices BACK UP…so, it could be another year or two until things begin to normalize – and that will be reflected in housing values.
Three, in terms of seeing a wave of foreclosures… Ninety-eight percent of borrowers in active forbearance have at least 10% equity in their homes…compared to the Great Recession, where only 40% had that much equity.
….so, basically…we aren’t going to see many foreclosures, AT ALL..because, there’s nothing to foreclose on.
Fourth, Interest Rates are likely to increase.
Even though, recently…they’ve actually been going DOWN…the FED has made it clear that they intend to combat rising inflation by slowly raising rates throughout 2022…and, as I mentioned earlier…that has the potential to impact housing VALUES as the cost of a loan gets a little more expensive.
My ENTIRE Camera and Recording Equipment:
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
Graham Stephan receives cash compensation from Wealthfront Advisers LLC (“Wealthfront Advisers”) for sponsoredadvertising materials. Graham Stephan is not a client and this is a paid endorsement. Graham Stephan andWealthfront Advisers are not associated with one another and have no formal relationship outside of thisarrangement. Nothing in this communication should be construed as a solicitation, offer, or recommendation, to buyor sell any security. Any links provided by Graham Stephan are not intended to imply that Wealthfront Advisers or itsaffiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, orendorses any information contained on those sites, unless expressly stated otherwise. Investment management andadvisory services are provided by Wealthfront, an SEC registered investment adviser. All investing involves risk,including the possible loss of money you invest, and past performance does not guarantee future performance.
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/