Reporters discuss bombshell story on Better.com’s CEO

An exclusive interview with the Forbes reporters who recently wrote a bombshell article about Better.com CEO Vishal Garg’s controversial workplace culture.

Now is the time to double down on diversity and inclusion efforts

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together.

How to Accelerate Closings in 2021

In this webinar, we’ll provide you with actionable insights to help you accelerate your closing process from point-of-sale through post-closing.

Why are sellers sitting on the housing market sidelines?

Why aren’t more homeowners selling in this hot housing market? According to new research from Zillow, a number of factors are at play.

Politics & MoneyMortgage

Here’s why we won’t see a housing crisis after COVID-19

Recent job gains should reduce some forbearance loans

August is upon us, and the growth in the rate of new infections appears to be slowing. Vaccine development is progressing with some promising early results. The time has come to start thinking about what life will be like on the other side of this crisis. What can we expect post COVID-19?

Logan Mohtashami
Logan Mohtashami
Lead Analyst

Some things will not have changed. I already hear murmurs from the fear-mongering housing bears that once the forbearance plans expire, we can expect to see a collapse of the housing market in America like we haven’t seen since the bubble years. This is the same sorry song the bubble boys have been singing for the last eight years, with just a new verse.

But there are several economic conditions today that were not present before the previous housing collapse that almost ensure that a catastrophic failure will not happen.

First and most importantly, the loan profiles in the previous record-breaking expansion from 2010 to 2020 were excellent. Borrowers had good FICO scores, and the lack of exotic loan products means that most borrowers began their loans with the capacity to own the debt. Plus, 20%-30% of all homes were bought with cash in the last 10 years. We didn’t have a boom in cash-out loans either, so the equity has not been whittled down like what we saw from 2003-2006. 

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The downside of the hot 2020 housing market: rapid home-price growth

The mismatch in the COVID deflationary impact toward the economy overall and the strength of the housing market due to demographics makes for a troubling formula for home-price growth, which we are seeing. The recent NAR existing home sales report showed 15.5% year-over-year growth in prices. HW+ Premium Content

Nov 30, 2020 By
3d rendering of a row of luxury townhouses along a street

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