Small and large landlords, please share your experience in the comments so we can get a better feel of what is actually happening on the ground.
Big shifts underway — work-from-anywhere, unemployment crisis, oil bust, people searching for a cheaper place to live.
On one side: land rush by a few hundred thousand home buyers. On the other: millions of homeowners with delinquent mortgages. Here are the metros by FHA delinquency rate. Two exceed 27%.
Why is everyone suddenly trying to sell their home?
Includes mortgages already delinquent before they were swept under the big federal rug of extend-and-pretend forbearance programs.
Mortgage lobby throws hissy-fit over Fannie Mae’s & Freddie Mac’s new 0.5% “Adverse Market Refinance Fee,” which was a “result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty.”
Large-scale shifts triggered by work-from-home, staggering unemployment crisis, and oil-and-gas bust. Rents respond in real time.
Those markets are already getting hit.
“Extend and Pretend” forevermore?
The evidence keeps piling up.