Every few months the news cycle grabs onto a dramatic housing headline , and the most recent one claims that “foreclosures are rising sharply.” Technically, some foreclosure categories have increased year-over-year, but the real question is: compared to what? When you look at the actual data, ... » Learn More about Are Foreclosures Really “Surging”? Here’s the Real Story Behind the Headlines
foreclosures
Expecting A Glut Of Foreclosures? Don’t Bet On It
In today's uncertain times, it's crucial to differentiate between speculation and reality when it comes to the housing market. Recently, one of my clients heard from a family member that they should wait for a flood of foreclosures to hit the market. However, let's take a closer look at the current ... » Learn More about Expecting A Glut Of Foreclosures? Don’t Bet On It
Very Few Foreclosures in the System
A client the other day asked "how about a deal on foreclosures?". The quantity of foreclosures, or distress sales in the system are at historic lows. Back during the recession 10 years ago, foreclosures and short sales were a combined 70% of the real estate sales transactions. Now they're only a ... » Learn More about Very Few Foreclosures in the System
Interesting Real Estate Numbers
A Much Healthier Real Estate Market At the end of 2010 8.2% of mortgages had at least 1 payment past due and another 4.6% of mortgages were in the foreclosure process. At the end of June 2016 4.7% of mortgage were 1 payment past due, and only 1.6% of mortgages were in the foreclosure process ... » Learn More about Interesting Real Estate Numbers