Housing Crash in 2021?

by Shannon Hicks
| 2 Comments
| October 8, 2020

Are we headed toward another housing crash?

Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

2 Comments

RMAdvisor
October 9, 2020 at 4:04 pm
There is no question that within the next 24 months, lenders are likely to have increased REO inventory. Until that inventory starts to substantially decrease, it is VERY likely housing prices will decrease in areas where the size of lender REO inventory is unusually large.

Right now property values in NYC are dropping significantly. While much of that is related to Covid-19, there is no doubt that situation could worsen as REO inventory grows at some point in the next two years.
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Malcolm S Tennant
October 16, 2020 at 6:05 am
As northern baby boomers retire, many plan to move to Florida to escape the brutal winters and high taxes. There is also an exodus of all ages from CA, IL & NY to Florida. Florida housing inventories are very low so I do not expect a significant pricing correction in the major markets in Florida.
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