Real Estate In Minutes

Don’t Expect a Flood of Foreclosures

Posted by Patrick Kelley on August 16, 2023 in  Delinquencies  Equity  Foreclosures  Inventory
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... read more

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