Graham Stephan: a call under review

Said on Sep 4, 2020, at 10:41 in the video.

What was saidSep 4, 2020

@grahamstephan

“we're unlikely to see a mass wave of foreclosures because overall the majority of homeowners have significant equity in their homes”

Watch at 10:41The Housing Crisis Just Got Worse

Predictiona call under review

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

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How this call was recorded (its subject, its direction or a figure) is being checked again, because the words may not say what was first recorded. It is not scored until a person has reviewed it.

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some of these numbers temporarily so the full extent of this could be way worse than what we see right now but it's still too early to tell now from a real estate standpoint it's definitely concerning and i wouldn't be surprised if we just kept kicking the can further and further down the line just delaying the inevitable until eventually a better solution is offered but it's also unclear how many small time landlords just have the financial means to stay afloat until that happens now the good news or the silver lining here is that we're unlikely to see a mass wave of foreclosures because overall the majority of homeowners have significant equity in their homes this study found that 6.2 percent of mortgages are under water meaning the home owner owes more in the home than what the home is actually worth and those would really be the only homes who would be a candidate for foreclosure because otherwise the homeowner would just be able to sell the house get the proceeds and then use that to pay off the loan that they have now if we want to look at this in terms of real numbers we could see that there are 128 million households in the united states and 60 percent of those have mortgages that

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