Here is what I just do not get. So you have the housing Market at record levels in terms of buyers pushing the price up and yet you have records amount of people in Forbearance being protecting from foreclosures etc... I know lots of that is apartments and condo rentals as well.
But with a record housing Market why keep protecting people until it’s too late and the Market declines. Why not force them too sell their homes for a profit. A tiny % of Forbearance areas are declining and underwater at the moment but not nearly as much as many of these home values are well above their buyers original price. So this is why I think Forbearance won’t be extended. It just does not make sense too extend it.
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