Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]
Posted by Kiesett's Home Selling Team on Friday, August 18, 2023 at 12:11:39 PM
By Kiesett's Home Selling Team / August 18, 2023
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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. Connect with me, your trusted realtor to know more!
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