All the elements are in place for a potential housing crash – but it is avoidable, says BlueHub CEO Elyse Cherry in an op-Ed published in Commonwealth Magazine.
Because of inflation, higher energy prices and declining property values, thousands of homeowners are just one financial hardship away from foreclosure. While nonprofits like BlueHub SUN can help fill gaps in government assistance for those facing foreclosure, congress should act now to put additional protections in place. “Americans that are working hard to pay their mortgage should not have to live with the constant uncertainty that they may lose their homes,” says Cherry.