Why Rising Foreclosure Headlines Aren’t a Red Flag for Today’s Housing Market
Posted by Shane Andersen on
If you’ve seen headlines saying foreclosure activity has been climbing for 10 straight months, it’s easy to assume that's a sign of trouble for the housing market. But when you look at the full picture, a few simple truths become clear:
- Today’s foreclosure numbers are in line with what’s considered normal
- High home equity is keeping most homeowners in a strong financial position
- None of the data points to a big wave of distressed sales that’ll crash the market
Foreclosure Filings Are Up 32%, But That Doesn’t Mean the Market’s in Trouble
If you peel the layers all the way back, what everyone is actually worried about is that we’re headed for a repeat of what happened in 2008. Back then, riskier lending practices and an…
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