Today Jason welcomes Property Radar’s Sean O’Toole as he explains why he doesn’t expect housing prices to crash in 2021. The founder of Property Radar says he doesn’t foresee another foreclosure crisis like the one in 2008.
Key Takeaways:
[2:45] Sean heard from people raising money to buy foreclosures
[3:18] Sean doesn’t expect a big foreclosure crisis
[5:30] Banks learned it was a mistake to rush to foreclose
[6:35] Sean doesn’t expect price drops, it requires a motivated seller.
[9:15] The re-ruralization of America
[24:30] Trade deficit leads to low interest rates
[29:00] Property Radar’s latest research
[34:45] iBuyer data shows they are a small part of the market (.5%)
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