Foreclosures are Rising, How Will it Impact the Housing Market?
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 15 October 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Learn why foreclosures are rising and how it will impact the housing market. Foreclosures are starting to surge as the forbearance programs end. How much will this impact house prices?
The article is here.
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Transcript
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| 0:00.0 | Be wealthy and smart episode 944. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:06.0 | Rich life. |
| 0:08.0 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.7 | Yeah, I'm full of faith |
| 0:16.0 | time I'm gonna live the good life |
| 0:21.0 | a beautiful and glorious life Step into a world of wealth of wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.3 | be wealthy and Smart. |
| 0:34.0 | And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. |
| 0:40.0 | I'm Linda P. Jones, America's Wealth Mentor. |
| 0:42.0 | Empowering women and Men Worldwide to Financial Freedom. |
| 0:45.4 | On today's show, we're going to talk about why foreclosures are rising and what kind of an impact |
| 0:51.8 | is that going to have on the housing market? |
| 0:54.3 | As you know, we've been following this story for quite a while now and I've been reporting |
| 0:58.2 | into you on the housing market and my prospects for what I think the future is for it. |
| 1:04.0 | I've said all along that in the fourth quarter I thought we'd see a boost in foreclosures, |
| 1:10.0 | but I didn't think that would impact the price of houses very much. I thought we would just |
| 1:14.5 | begin to see more homes come on the market and be foreclosed by the banks, but we wouldn't |
| 1:21.2 | really see a sharp drop in real estate prices. |
| 1:24.0 | I still believe that to be true and I still think that more foreclosures are going to come on the market next year |
| 1:31.0 | which is when we are likely to see more of an impact. |
... |
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