Kirk Jaffe

We have, perhaps, seen the peak of the housing market and the peak of the refinance markets as well. What next? Well, generally we will start to see professional Mortgage and real estate folks leave the business because they can't earn enough money. We will also see more buyer activitiy as inventory of homes for sales slowly increases. Prices should also start to temper down. This could take awhile. ... Watch the ratio of foreclosures to home sales coming in the next 18 months. As home prices settle down, if they do, and equity is lost, it could be possible that homeowners in forbearance start to sell to save their nest egg. Again, driving inventory up and prices down. Or, we could see the Fed and Government step in again to reinvigorate the entire housing market. Remember, housing is perhaps the largest driver of income for government and increasing interest rates ultimately means the government will have to start paying more for the trillions of dollars in loans it has from the Federal Reserve Bank system. They won't like the increased payment costs. To find out if you are in the best position on your home or investment property, reach out and let's [email protected] Article: https://www.cnbc.com//mortgage-refinance-demand-hits-lowes

The government is actively working to stabilize the housing markets after the pandemic inflicted job losses. While I agree with David Stevens and Rick Sharga that there should be limits on how much interference the government should have on already existing and accepted legal contracts between services and investors, I have also learned not to fight the power of the Fed and the Government. I expect we will see future foreclosure moritoriums thru the end of 2022 and potential...ly some HAmP like programs that will quickly put the homeowner back on steady ground. The next question becomes, when will the housing market stabilize? With low inventory and high demand forcing folks to stay in homes they may want to sell as well as builder inventory years behind demand, how much more can this housing market endure before buyers simply reject the high prices? Or, will small mom and pop investors lost their investment housing nest eggs and that loss will become available inventory for future buyers? Let us know what you see in your market. Comment here and tell us what you think of the homes you have seen for sale. www.ApproveMyLoanKirk.com Article: https://www-housingwire-com.cdn.ampproject.org//does-/amp/

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Set your mind on a definite goal and observe how quickly the world stands aside to let you pass.

Despite what we are reading on the FHFA website, my insider friends tell me the foreclosure and eviction moratorium could be extended to Sept 2021. We will update this site as more information is available. Article: https://www.fhfa.gov/mobi/Pages/public-affairs-detail.aspx

The move out of highly populated areas in favor of less density continues. CA, in particular, has seen a net migration loss year over year since 2016 indicating the affordability of CA continues to shrink. https://www.cnbc.com//01/18/heres-where-all-the-u-haul.html

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