CLPR - What's next for the housing market as foreclosure moratorium expires?

A tsunami of deferred debt is about to hit homeowners after a national foreclosure moratorium expired on Saturday. According to the Washington Post, 1.8M homeowners are delinquent on their mortgage as the safety net was removed, with around a fifth of them not able to extend their forbearance past September. 1.5M more are at least three months behind on their mortgage without the protection of a forbearance plan. Backdrop: The eviction moratorium was put in place under the Trump administration during the onset of the pandemic, aiming to shields tenants who missed monthly rent payments from being forced out of their homes they still owe back rent). It was originally set to expire on Dec. 31, 2020, but Congress stretched the order until late January, and it was then extended several more times under the Biden administration. While the moratorium has protected millions of tenants, it has also resulted in

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What's next for the housing market as foreclosure moratorium expires?