3 ms·
There is still a moratorium on evictions in many areas so you literally can’t sell a rental home. Then there is mortgage forbearance, meaning many people have p
by smaryjerry 5y ago
There is still a moratorium on evictions in many areas so you literally can’t sell a rental home. Then there is mortgage forbearance, meaning many people have paused or delayed payments allowing them to stay in the home longer and with less money. This means there is almost no foreclosure market. On top of that there are still unemployment payments and other various business credits or programs keeping people from going broke or failing to meet non-home obligations so they can focus on home payments. Obviously interest rates are all time lows, allowing people who refinanced to now afford payments as well where they might not have before. Once these government programs all end and interest rates rise we will see supply become available again. Prices won’t go down but they will at least stall again.