Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]
KCM Crew • August 18, 2023
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.
The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow.
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low 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.
If you’re a homeowner, you might be torn on whether or not to sell your house right now.
Plenty of people are still moving these days.
Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.
Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now.
Buying a new construction home can be an exciting experience.
Wondering if it still makes sense to sell your house right now?
If you’re a homeowner, odds are your equity has grown significantly over the last few years.
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At Navarro’s And Sons they are dedicated and experienced real estate professional with a passion for helping their clients achieve their real estate goals. With years of experience in the industry, The group has a deep understanding of the local market and uses their expertise to provide personalized and tailored services to their clients. They are known for their attention to detail, strong negotiation skills, and commitment to providing exceptional customer service. Whether you are looking to buy, sell, or invest in real estate, Navarro’s and Sons are real estate professional that you can trust.
