For the real estate market to remain healthy affordability needs to remain at a good level. What we've seen is that affordability is getting to the point that it might be a challenge for people to buy a home in 2022. let's take a look at some interactive maps of what the United States real estate market looks like and then let's take a look at foreclosures.
I've got 4 things that will help you understand where we are with foreclosures and this will create clarity as far as where the housing market is heading in 2022 as of May.
Fortune Magazine about homes being Overvalued with maps of the USA Housing Market
https://fortune.com/2022/05/17/overvalued-housing-markets-and-home-prices-in-2022-resemble-2007/
USA Mortgage Loans in Forbearance
https://www.mba.org/news-and-research/newsroom/news/2022/04/18/share-of-mortgage-loans-in-forbearance-decreases-to-1.05-in-march
The graph on Forbearance
https://drive.google.com/file/d/1DvnW-ohHgootY_mMRWiukMNTxnJL-dyX/view
HomeOwners Equity Gains in the USA as of 2021
https://drive.google.com/file/d/1IsiQwcPI6OjcSYjMGBHUdyvk1Uf9fWng/view
Fewer Foreclosures In The United States
https://drive.google.com/file/d/1yOZ6mGeMo0RVNijStWzraN-8p1LuNjH6/view
United States Existing Home Sales are up in 2022
https://www.investopedia.com/existing-home-sales-dip-in-march-2022-5235701
Monthly Supply of housing in the United States
https://fred.stlouisfed.org/series/MSACSR#0
#housing #foreclosures #Housingcrash #housingbubble #economy #Recession #inflation
