Worried About Rising Foreclosures?

Have you been reading headlines saying that foreclosures are rising? For those that were homeowners during the crash of 2009 and the following few years, rising foreclosure counts might make you feel uneasy. Like most things, however, perspective is important, and a lot (i.e. most) web and TV news outlets are more concerned with attention grabbing, click-bait headlines.

During the pandemic years (a.k.a. unicorn years), the number of foreclosures was artificially suppressed due to the variety of mortgage default moratoriums and assistance packages.

As you can see from the chart above, the national foreclosure filings are still below the years before those pandemic unicorn years (2020-2021)… and are only a fraction of the level during the crash.

If you’d like to discuss this further, and how it relates to your home ownership plans, contact me and let’s talk! 📲🤙📧

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