[keyboardCowBoy]

2.3 million homeowners are in forbearance. It's been over a year, people are getting use to NOT paying.

Banks just also flat out STOPPED foreclosures. So we have millions of homes in forbearance and we don't know the true number of loans that are delinquent. Meanwhile in some markets prices have gone up 30 percent in 1.5 years which for a normal first time home owner means higher loan costs, bigger down payment and more interest. We also have homeowners who WANT to sell but won't until we get back to a normal market. If interests rates go up, we start foreclosing, homeowners start selling, and all those millennials who regretted overpaying for their homes start selling ALL at once, we could easily be in a buyers market.