Graham Stephan: a call with no clear direction

Said on Aug 27, 2021, at 7:38 in the video.

What was said
Graham Stephan

@grahamstephan

“whatever happens today is not likely to show up in the markets for probably another two years”
Watch at 7:38The Housing Market Is About To Go Wild | DO THIS NOW
Predictiona call with no clear direction
What happened
Not scored

The direction of this call could not be determined with confidence, so it is held out of the score.

The window it was checked over

This series is not charted here until its publisher's terms for reusing it are confirmed. Each verdict still cites the figures it was judged on.

S&P Cotality Case-Shiller U.S. National Home Price Index: S&P Dow Jones Indices via FRED

Result at every window

All windows are shown, so none is picked

The direction of this call could not be determined with confidence, so it is held out of the score.

What was said around it

end up going into foreclosure if that's the case be prepared to be very very patient because properties foreclosed on during the first quarter of 2021 have been in the foreclosure process for an average of 930 days yes you heard me correctly that's an average of two and a half years from the point of falling behind on a payment to actually being foreclosed on this is up from 857 days in the fourth quarter of 2020 and 673 days for properties in the first quarter of 2020. the reality is foreclosures are a very time consuming and very slow process so whatever happens today is not likely to show up in the markets for probably another two years the second even though one and a half million homeowners being delinquent on their payments seems really really bad historically we're not that much higher than the average anymore in fact we're back to the same delinquency rates we saw back in 2017 and 2018. it's only marginally hired today doing part two mortgage for parents options which allows homeowners to temporarily pause their payments if they need to and third if homeowners are actually having difficulty making their payments or getting caught up banks are currently willing to extend any

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