In particular, Revolve Capital is able to provide options to help homeowners struggling with mortgage repayments get back on track. Revolve Capital’s CommentsĪs part of the Viewpoint Project’s documentary, Revolve Capital responded to these issues that participants in the housing market are faced with as a result of the recession the U.S. Furthermore, given that as many as 21% of American homeowners went “underwater” after the Great Recession, this increase may worryingly just be the tip of the iceberg as the US economy heads towards a recession. This is problematic for homeowners in particular, as the economic hardships associated with recessions (such as mass redundancies etc.) begin to exert pressure on their ability to reliably repay their mortgage.ĭata released in the middle of 2022 indicate the number of foreclosure filings is up 153% from the same point in 2021, due to the flood of foreclosure filings from the expiration of COVID eviction moratoriums that were lifted J. Irrespective of which definition one accepts, the US economy is faced with a recession in the near future due to the Fed’s determination to continue to increase interest rates until inflation is under control again. However, according to the National Bureau of Economic Research’s (NBER) definition, which states that the decline must be extended over a few months, this is not the case. entered a recession in the summer of this year. Problems With The Housing MarketĪ recession is defined as two consecutive quarters without positive economic growth. This article will explore some of the issues with the US housing market and Revolve Capital’s thoughts and proposed solutions to them. In August of this year, the well-respected educational program released an episode pertaining to the problems of the housing market in which it called upon Revolve Capital to address these issues. The Viewpoint Project is a documentary series hosted by Dennis Quaid that highlights the main problems surrounding a number of key industries and topics from around the world. properties have foreclosure filings, which represents a 153% increase from the level at the same point in time the year prior
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