The State of The Housing Market And Where It's Headed Next
Though the current market slightly mimics the housing crash of 2007, there are a few differences in the market’s current state. The total mortgage debt for homeowners in America is now smaller than 43% of typical home values, which is the lowest in US history. Currently, there are 645,000 borrowers still in the forbearance programs, while 300,000 have exhausted the relief and are behind on payments.
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