Mortgage Firms And Homeowners effected by Pandemic

[Sabrina Sanchez]

I saw this article on Bloomberg and decided to share it and see what others thought about this. Do you believe we will be seeing a significant amount of foreclosures towards the end of the year?

https://www.bloomberg.com/news...

[Ryan Husser]

Hi Sabrina! 

That is an interesting article and makes me wonder what the market will look like by the end of the year. Demand is insane all across the country, so I am curious if a wave of foreclosures actually helps stabilize supply. Out here in AZ we currently have about 2 weeks of inventory on the market, compared to 2 months of inventory at this time last year. 

Is your market seeing the same demand as we are out west? Most listings are receiving 7-8 offers within a weekend in my market.