Real Estate Coaching Radio

Today's podcast is Part 2 of Covid 19 Housing Crash Coming Soon?  Did you know that 01/21/20 was the 2 year anniversary of Covid 19 appearing in the USA? We have all now experienced the 3rd worst pandemic in the history of humanity.  What long-term effects will the pandemic have on housing (and civilization on a whole?) Remember, listen to part 1 here: https://timandjulieharris.com/2022/01/21/covid-19-housing-crash-coming-soon-real-estate-training.html What happens next? Will there be some sort of epic correction? Will interest rates cause that? A - Currently we have record LOW forbearance rates at less than 1.5% of mortgages and fewer than 1% of mortgages are in foreclosure. B - Fannie Mae has predicted that rising interest rates in 2022 will indeed affect housing demand, but only by 3.2% fewer loan applications, almost all of them being first-time buyers who are priced out, FHA and VA buyers. So far, even with rates inching higher, loan applications are up 8% this month. Reminder, you promised yourself you