Millions of Americans skip payments as tidal wave of defaults

[Sai T.]

Millions of Americans skip payments as tidal wave of defaults and evictions looms - NPR

https://apple.news/A-WYJ-9SgSvWi5U9hwSKQ3w

[Timothy Giffin]

@Sai T.

Unfortunately with these things it’s so hard to predict what’s going to happen. In my opinion that is supported by nothing except what I read, I would imagine not much will change for the next 6 months, but I would expect a lot more inventory and lower home prices in the next 12-18 months. Due to unemployment bonuses going away in July, and people who can’t recover from their delinquencies, that may lead to a spike in foreclosures.