ilmscore | Prediction Details
"if we start to see the housing market stall if home prices start to go down now you can start to see where people might not be able to sell their home with a big profit because we've also been seeing home down payments when you go to buy a home dropping you've been seeing more 3% down payment mortgages some 1% down payment mortgages even some 0% down payment mortgages and so yes people are buying homes with low down payments but that's not an issue until home prices Begin to Fall because if somebody goes underwater and then they run into a financial hardship because maybe they lose their job or for whatever reason they can no longer make the monthly payments well that's where now you can't sell the home because they don't have any equity and that's where a foreclosure becomes now more likely"
By Minority Mindset | October 17, 2023 | Pending
From video
Why Housing Is Getting Destroyed 00:07:41 - 00:08:23
Interpreted Prediction
A decline in home prices, coupled with low down payments and financial hardship, could lead to an increase in foreclosures.

Prediction Details

Topic
Foreclosures

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