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Subject Housing collapse...Foreclosure moratorium ending July 31st means 1.7 million foreclosure sales VIDEO AND SYNOPSIS

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Original Message This is an interesting take I hadn't thought of on why the housing market is in trouble.

Synopsis below but the video is really good with supporting data included...

1.7 million homeowners are currently 90+ days past due. Foreclosure moratorium ends July 31st. This floods the market with foreclosure sales or home owners selling to get out of the loan. Almost all sellers will have equity due to the run up in the housing market so they will all stampede to the doors to sell first so they can cash out. The inventory increases, the prices will go down as these homeowners that need to sell now get desperate to unload their homes and avoid foreclosure. The bright side for them is that they will probably walk away with cash in their pocket as a reward for not paying their mortgage payments during the moratorium.

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