Welcome back to the First-Time Buyer Series. Last time we talked about figuring out how much house you can actually afford. This time we're tackling the part of the process that trips up almost
Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]
Dated: September 6 2023
Views: 67
Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]
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.
Mitzi Felts
I am the wife of an amazing man, Wes, who also happens to be a real estate agent. We have two boys that are late elementary/junior high aged. They are wonderful boys who are very kind and giving. They....
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