actually, for many metro areas the delinquency rate is reaching 25%+ for FHA loans right now. they're surviving due to the feds preventing foreclosure.
things are a little better in the other classes of loans but not much! if the economy stays weak and jobs dont come back, some metros may well see a housing price decline. Atlanta, Houston and san anton.
Sure, but the parent comment was saying they're worried the Fed will lose all the money. But the Fed is buying things broadly (initially they bought Bond ETFs/funds!), so while some places will be higher, others will be lower.
My guess is that even more than during the financial crisis, people are delinquent but would absolutely pay if they could. Was your housing price decline statement supposed to be about those homes becoming underwater and therefore the buyers walk away / end up in foreclosure?
things are a little better in the other classes of loans but not much! if the economy stays weak and jobs dont come back, some metros may well see a housing price decline. Atlanta, Houston and san anton.