Keep pulling the thread on John Comiskey.
The delinquency rate for FHA-backed mortgages is currently 14%.
Todd Sacks predicts that existing home sales in 2026 will increase by approximately 15% to a total of 4.6 million units.
A rule change effective October 1st now limits FHA loan modifications to once every two years, requiring three consecutive monthly payments to qualify.
Citing mortgage tech engineer John Comiskey, Todd Sacks predicts there will be 250,000 to 300,000 forced sales of FHA-backed homes due to recent changes in loan modification rules.
Todd Sacks predicts that average mortgage rates will fall to the mid-5% range by the second or third quarter of 2026.
Homeowners who purchased in 2022 are unlikely to have enough equity to sell their homes today without bringing money to the closing table, after accounting for commissions and fees.
According to a National Association of Realtors report, all-cash buyers accounted for 26% of home sales between July 2024 and June 2025, the highest percentage since 2003.
The share of first-time homebuyers in the U.S. housing market shrank to a historic low of 21% in the year leading up to June 2025.
The median age of first-time homebuyers in the U.S. has risen to a record high of 40 years old.
Approximately 88% of home sales in the last year were facilitated by a real estate agent or broker.
Todd Sacks predicts that the use of AI by companies like Google and Zillow will lead to a decline in the percentage of home buyers using real estate agents.
During the peak of the housing boom, home prices experienced a 10% to 12% jump within hours of being listed due to intense bidding wars.