Housing Market Update | Forbearance, Foreclosure and Recession | 1245

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 24 November 2022

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Mortgage Bankers Association (MBA) reported Monday the forbearance rate increased in October after more than two years of declines. Is It over then? No, it’s not! Forbearance plans are still alive and well. As of October 31, there were 350,000 U.S. homeowners in forbearance plans, up from 345,000 at the end of September. That’s 5,000 new forbearance plans put in place just last month. Why is that, and how will this impact foreclosures hitting the market? Listen to this episode and find out! BUT BEFORE THAT, Matt explains why new home builders are hitting the brakes. Are you ready? Let’s go! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is
0:02.0	is Terrio Media.
0:04.0	Builders slam on the brakes
0:06.0	as contracts are being cancelled.
0:08.0	Inflation is taking a toll on the housing sector like we've never seen
0:11.0	and it's getting hit from both ends.
0:13.3	Welcome to the all new
0:19.4	epic real estate investing show.
0:21.4	The longest running real estate investing podcast on the
0:24.5	interwebs, your source for housing market updates, creative investing strategies
0:28.9	and everything else you need to retire early. Some audio may be pulled from our weekly videos and may require
0:36.0	visual support. To get the full premium experience, check out Epic Real Estate's YouTube channel,
0:41.6	Epic REI. TV.
0:44.8	If you want to make money in real estate, sit tight and stay tuned.
0:48.9	If you want to go far, share this with a friend.
0:51.8	If you want to go fast, go to REI ACE.com.
0:55.0	Here's Matt.
0:57.0	Here's what I mean.
0:58.0	The simple definition of inflation is too many dollars chasing too few goods.
1:02.0	So to get inflation under control, we need... is too many dollars chasing too few goods.
1:02.6	So to get inflation under control,
1:04.5	we need fewer dollars and more goods.
	...

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