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Foreclosures and Bankruptcies Won’t Crash the Housing Market

Written by Ponte Vedra Beach Mortgage Syndicated User on November 1, 2023. Posted in Foreclosures, Housing Market Updates.

If you’ve been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies. That could be making you feel uneasy, especially if you’re thinking about buying or selling a house.But the truth is, even though the numbers are going up, the data shows the housing market isn’t headed for a crisis.Foreclosure Activity Rising, but Less Than Headlines SuggestIn recent years, the number of foreclosures has been very low. That’s because, in 2020 and 2021, the forbearance program and other relief options were put in place to help many homeowners...

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Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon

Written by Ponte Vedra Beach Mortgage Syndicated User on September 28, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates.

You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008.One important reason is there aren’t enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn’t show that happening.Housing supply comes from three main sources:Homeowners deciding to sell their housesNewly built...

Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]

Written by Ponte Vedra Beach Mortgage Syndicated User on August 26, 2023. Posted in Foreclosures, Infographics, Interest Rates.

Some HighlightsWith 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.

Don’t Expect a Flood of Foreclosures

Written by Ponte Vedra Beach Mortgage Syndicated User on August 26, 2023. Posted in Buying Myths, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Selling Myths.

The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts say a flood of foreclosures isn’t coming.Take it from Bill McBride of Calculated Risk. McBride is an expert on the housing market, and after closely following the data and market environment leading up to the crash, he was able to see the foreclosures coming in 2008....

Category: Foreclosures

Foreclosures and Bankruptcies Won’t Crash the Housing Market

Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon

Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]

Don’t Expect a Flood of Foreclosures