Americans Are Falling Behind on Mortgages: 2008 Repeat or False Alarm? | Bigger Pockets Video

Episode #309

Join the Future of Real Estate Investing with Fundrise:
link

Episode Show Notes:
link

Join BiggerPockets for FREE 👇
link

Grab the Book, “Recession-Proof Real Estate Investing”:
link

Sign Up for the On the Market Newsletter:
link

Find Investor-Friendly Lenders:
link

Over 6 Million Americans Are Late on Their Mortgage Payments—Here’s What It Means for Investors:
link

Connect with Dave and Our Panel of Expert Guests:
Dave Meyer: link
Henry Washington: link
James Dainard: link
Kathy Fettke: link

Mortgage delinquencies are up…or are they? One chart that’s been circulating on social media would have you believe that a growing number of homeowners are on the brink of foreclosure, driving us toward another 2008-style collapse. Is the panic justified or unfounded? We’ll dig into the data in today’s episode!

A Freddie Mac chart has been doing the rounds recently, showing a massive jump in delinquencies, but what the data really reveals is a spike in another type of real estate delinquency—a trend that should come as no surprise, given how rising interest rates impact adjustable-rate loans. But what about residential real estate? Are regular homeowners now suddenly missing mortgage payments to 2008 levels?

There’s no denying that we’re entering a buyer’s market. While a 2008-style housing market crash is unlikely, inventory is growing, and home prices could decline another 2%-3%. Whether you’re a regular homebuyer or real estate investor, this means you have an unusual amount of negotiating leverage. We’ll share a strategy you can use to insulate yourself from a potential dip and capitalize on an eventual surge in home prices!