WHY WE ARE NOT HEADED FOR AN EPIC REAL ESTATE COLLAPSE!

We are using experts data to dispell the mortgage delinquency theory that there is going be an epic real estate collapse. 

The naysayers are saying that we are going to see 20% declines, 40% declines in home prices.  And foreclosures are going up.  Not correct.

Corelogic just released their latest mortgage trends. The overall US mortgage delinquency rate dropped to an all time low, all time, never lower than this number of 2.6% in March.

Corelogic just released their Loan Performance Insight report that has details on all of the latest mortgage trends.

The infographics below show that what caused the crash in the 2008 home market is not happening again. 

The US mortgage delinquency rate just fell to an all time low.

The US mortgage delinquency rate fell to a historic low in March.

This reflects the lowest US unemployment rate in more than 50 years.

While a slowing economy could cause increases in job losses mortgages in big cities, years of home equity gains will provide borrowers who fall behind in their payments with a cushion.

This equity should protect many homeowners from foreclosure. There is no current projection that the US foreclosure rate will reach the same level as it did during the housing crisis.

This chart breaks it down from March, 2023 to March, 2022. The numbers are not getting worse. They're getting better. You would think in March, 2022 when we had lower interest rates, when we had a market that was even more white hot than it is today, that we'd actually see delinquencies going up. But no, they're going down 30 days or more past due.

We're at 2.6% today as opposed to 2.9% a year ago.

So this cushion that we are referring to has been happening not only for the last 10 years, but for the last 40 years.

If you own the home for 10 years, you are going to have probably the best financial asset you've ever owned in your life.

You're going be 44 times more wealthy than the renter. 

You can't hide from the rain in a stock.

You can't sleep and raise your family inside of a stock.

You can do that with the utility of the home.

This will be the best asset that you ever own.

You'll get the most enjoyment, fulfillment, and you'll be paying your mortgage instead of somebody else's.

This chart shows that our current home prices have not peaked.  If someone buys today they are not buying in the peak of the future market.  

Looking at the numbers, looking at the data, 42% of single family homes across America are cash owned.

They are not going to be delinquent.

Then we have the homeowners who have a near 3% or under mortgage interest rate.  Rents are higher than their mortgage in most cases.

Nevada has emerged as the number 1 state for employment growth.

Las Vegas has $29 Billion in projects on the deck. 

Las Vegas has 600 events scheduled for this year.

Let me help you find your dream home!  Click here to see all the great available homes in Las Vegas. 

Contact me if you have questions about when you should sell your home and buy your next home. 

Contact me if you are a first time home buyer and want some real estate advice or you are looking for a lender.

Contact me anytime with any real estate questions.