At some point, the mortgages that are in default because of the pandemic will have to true up their past balances, or they’ll be foreclosed on. With banks setting aside $29 billion in preparation for these potential losses, there’s no getting around that the coming foreclosures are going to have a big impact on the housing market. Daren Blomquist from Auction.com lays out what he’s seeing and his predictions for how the next two years might play out. Don’t miss my personal recommendation for how you can position yourself to ride this wave to higher ground.Read More
When the market hits the bottom, it’s going to bounce off the bottom for two or three years.
That’s enough time for you to pull a real estate team together, scale up your business, and prepare to invest in the homes that are coming to the market in 2021.