4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures
“The likelihood of us having a foreclosure crisis again is about zero percent." - Ivy Zelman
Mortgage rate trends, housing market news, and what the economy means for homebuyers and homeowners.

Mortgage rate trends, housing market news, and what the economy means for homebuyers and homeowners.
“The likelihood of us having a foreclosure crisis again is about zero percent." - Ivy Zelman
The reports of massive foreclosures about to come to the market are highly exaggerated, according to Ivy Zelman.
From January 2021 through April 2021, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power.
There are many reasons this real estate market is nothing like 2008. Here are six visuals to show the dramatic differences.
Based on the 50-year symbiotic relationship between treasury rates and mortgage rates, it appears mortgage rates could be headed up this year.
Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.
Banks likely don’t want to repeat the mistakes of 2008-2012 when they put large numbers of foreclosures on their books. This time, many will instead negotiate a modification plan with the borrower, which will enable households to maintain ownership of the home.
Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on their payments, many have not.
As vaccines become more widely available and a return to normal starts to come into view, we’ll see mortgage rates bounce off the record lows.