Luciano Guerin Realtor Berkshire Hathaway HomeServices

  There Won’t Be a Wave of Foreclosures in the Housing Market When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here’s a look at why that isn’t the case. 1. There Are Fewer Homeowners in Trouble This Time After the last housing crash,  over nine million  households lost their homes to a foreclosure, short sale, or because they gave it back to the bank. Many believed millions of homeowners would face the same fate again this time. However, today’s data shows that most homeowners exited their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again. The ...

  Real Estate Advice | 4 Ways Homeowners Can Use Their Equity Real Estate Advice: 4 Ways Homeowners Can Use Their Equity   Real Estate Advice | 4 Ways Homeowners Can Use Their Equity. Your  equity  is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest  Equity Insights Report  from  CoreLogic , homeowners gained an average of $51,500 in equity over the past year. If you’re looking for the best ways to use your  growing equity , here are four options: 1. Use Your Equity To Buy a Home That Fits Your Needs Real Estate Advice: If you’re finding you no longer have the  space  you need, it might be  time to move  into a larger home. Or, it’s possible you have  too much  space and would like something  smaller . No matter the situation,  consider using your equity to power a move into a home that fits your c...