When it feels like the cost of just about everything is rising, it’s only natural to wonder what that means for the housing market. Some people are even questioning whether more homeowners will struggle to make their mortgage payments, ultimately leading to a wave of foreclosures. And recent data showing foreclosure filings have increased is […]
Let’s face it – life can throw some curveballs.
One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today.
With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market.
Back in 2008, there was an oversupply of homes for sale.
Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets.
Even if you didn’t own a home at the time, you probably remember the housing crisis in 2008.
If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up.
Even with the latest data coming in, the experts agree there’s no chance of a large-scale foreclosure crisis like the one we saw back in 2008.
Some Highlights Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry. If you look at the latest numbers, they’re still below pre-pandemic norms and way below what happened during the crash. If you’re worried about a flood of foreclosures, the data shows a foreclosure crisis […]