"It’s not likely a crash is coming in 2021 or 2022."

2. Pandemic mortgage forbearance. Previously, banks were not willing to delay or allow forbearances for any mortgages, but now pandemic forbearance allows homeowners to delay their monthly payments without penalties. 

3. The cushion of homeowner’s equity. Since we’ve had such a growth in appreciation of between 20% to 35%, sellers now have home equity, and when a homeowner has equity, they don’t want to lose the home to foreclosure and give it back to the bank. 

4. Appreciation will continue. Most economists have agreed that while we can’t sustain this 20% to 35% appreciation, we’ll still see between 6% and 12% appreciation nationally, which is sustainable appreciation and will help both sellers and the economy. 

5. Mortgage rates are expected to stay low. This will continue to drive demand.

It’s not likely a crash is coming in 2021 or 2022, but no one knows how long this hot market will last. We know we have historically low inventory and interest rates, so if you’re considering selling, there’s never been a better time to do so.

If you have any other questions about an impending crash or real estate in general, feel free to give me a call or visit my website. I would love to help you.