Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure “Crisis” w/Rick Sharga

871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure “Crisis” w/Rick Sharga

FromBiggerPockets Real Estate Podcast


871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure “Crisis” w/Rick Sharga

FromBiggerPockets Real Estate Podcast

ratings:
Length:
49 minutes
Released:
Jan 12, 2024
Format:
Podcast episode

Description

Everyone keeps talking about an incoming surge of home foreclosures. Over the past few years, online crash predictors shouted from the rooftops about how another foreclosure crisis is always on the way, and we’re only months from a full-on meltdown. How much of this is true, and how much of it is pure clickbait? We’ve got Rick Sharga, Founder and CEO of CJ Patrick Company, one of the world’s leading housing market intelligence and advisory firms, on the show to tell us what the data points to.

Ever since the pause on foreclosures during the pandemic, homeowners have been getting win after win. They were able to save up plenty of cash, their home values skyrocketed, and they could refinance at the lowest mortgage rates on record. Now, with high rates, still high home prices, and steady demand, homeowners have most of the power, EVEN if they’re behind on payments. But, as the economy starts to soften, could the tapped-out consumer finally force some homeowners to default on their loans? 

In this BiggerNews episode, Rick will give us all the details on today’s current foreclosure landscape, walk us through the three levels of foreclosures, give his 2024 foreclosure prediction, and share the economic indicators to watch that could signal a coming foreclosure crisis. 

In This Episode We Cover
A 2024 update on foreclosure rates, defaults, and Rick’s foreclosure forecast for next year
The three levels of foreclosure and why most homes WON’T ever be defaulted on 
Rising consumer debt and what happens as more Americans default on their credit card and auto loans
Housing supply and whether or not a foreclosure crisis could finally give us some inventory 
Economic indicators to watch that could signal a rise in foreclosures 
How to use your home equity to invest in real estate (WITHOUT putting yourself at too much risk!) 
And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-871
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jan 12, 2024
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.