Thursday, August 24, 2023

Don’t Expect a Wave of Foreclosures


Some Highlights

With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely.

Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments.

Since most are paying on time, a wave isn’t coming. If you're concerned about a flood of foreclosures, the data shows that's not likely.

David Demangos - eXp Realty

Cell: 858.232.8410 | Realtor® DRE# 01905183
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